Quantbot Technologies LP Buys 264,435 Shares of Acuren Corp $TIC

Quantbot Technologies LP raised its position in shares of Acuren Corp (NYSEAMERICAN:TIC) by 1,371.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,718 shares of the company’s stock after acquiring an additional 264,435 shares during the quarter. Quantbot Technologies LP’s holdings in Acuren were worth $3,776,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TIC. Granite FO LLC purchased a new position in shares of Acuren during the 3rd quarter worth approximately $27,000. Nisa Investment Advisors LLC lifted its stake in shares of Acuren by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the period. Blue Trust Inc. bought a new stake in shares of Acuren during the third quarter valued at approximately $38,000. Amalgamated Bank purchased a new stake in Acuren in the second quarter worth $39,000. Finally, Clearstead Advisors LLC purchased a new stake in Acuren in the third quarter worth $43,000.

Analyst Ratings Changes

TIC has been the topic of a number of research reports. Zacks Research upgraded shares of Acuren to a “hold” rating in a report on Tuesday, December 16th. Jefferies Financial Group reissued a “buy” rating and set a $15.00 price target on shares of Acuren in a research report on Friday, November 14th. UBS Group cut their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Acuren in a research note on Friday, January 9th. They set an “overweight” rating and a $16.00 target price for the company. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.38.

Acuren Stock Down 3.9%

Acuren stock opened at $9.47 on Monday. Acuren Corp has a one year low of $8.76 and a one year high of $14.94. The business’s fifty day moving average is $10.27 and its 200 day moving average is $10.99.

Acuren 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.