Schwartz Investment Counsel Inc. Lowers Stock Holdings in TIC Solutions, Inc $TIC

Schwartz Investment Counsel Inc. lowered its position in shares of TIC Solutions, Inc (NYSE:TIC) by 25.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 607,476 shares of the company’s stock after selling 205,301 shares during the period. Schwartz Investment Counsel Inc.’s holdings in TIC Solutions were worth $3,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIC. FNY Investment Advisers LLC purchased a new stake in TIC Solutions in the 3rd quarter worth approximately $33,000. National Bank of Canada FI purchased a new position in shares of TIC Solutions during the 3rd quarter valued at $53,000. Tower Research Capital LLC TRC bought a new position in shares of TIC Solutions in the second quarter worth $82,000. BNP Paribas Financial Markets purchased a new stake in shares of TIC Solutions in the second quarter worth $97,000. Finally, Dauntless Investment Group LLC bought a new stake in TIC Solutions during the third quarter valued at $110,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TIC shares. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th. UBS Group raised their price target on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research downgraded TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TIC Solutions presently has a consensus rating of “Reduce” and a consensus target price of $11.50.

TIC Solutions Price Performance

TIC stock opened at $7.12 on Tuesday. The firm has a market cap of $1.57 billion, a P/E ratio of -13.69 and a beta of 2.81. The firm’s fifty day moving average is $8.47 and its 200 day moving average is $8.92. TIC Solutions, Inc has a 52 week low of $6.36 and a 52 week high of $14.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.06 and a current ratio of 3.06.

TIC Solutions Company Profile

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.