Zacks Research Upgrades Acuren (NYSEAMERICAN:TIC) to “Hold”

Acuren (NYSEAMERICAN:TIC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Jefferies Financial Group restated a “buy” rating and issued a $15.00 target price on shares of Acuren in a research note on Friday, November 14th. UBS Group decreased their price target on Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, November 14th. Baird R W raised shares of Acuren to a “hold” rating in a research note on Thursday, October 9th. Finally, Robert W. Baird began coverage on shares of Acuren in a research note on Thursday, October 9th. They issued a “neutral” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Acuren currently has a consensus rating of “Hold” and an average price target of $13.83.

Acuren Stock Performance

NYSEAMERICAN TIC opened at $10.17 on Tuesday. Acuren has a 1 year low of $8.76 and a 1 year high of $14.94. The company has a fifty day moving average of $10.90 and a 200 day moving average of $11.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Progeny 3 Inc. increased its holdings in Acuren by 1.7% in the 3rd quarter. Progeny 3 Inc. now owns 15,255,800 shares of the company’s stock worth $203,055,000 after acquiring an additional 255,800 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Acuren by 100.8% in the third quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock valued at $113,517,000 after purchasing an additional 4,280,384 shares during the period. Swedbank AB purchased a new stake in shares of Acuren during the third quarter worth about $43,923,000. Dimensional Fund Advisors LP acquired a new position in shares of Acuren during the 3rd quarter worth about $43,579,000. Finally, Clearline Capital LP purchased a new position in Acuren in the 1st quarter valued at about $33,254,000.

Acuren Company Profile

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component.