TIC.A Hits 20-Day Low Amid Mixed Institutional Sentiment
Shares of TIC Solutions (NYSE:TIC) declined sharply today, hitting a 20-day low of $10.28. This downward movement signals increased bearish momentum, as the stock struggles to maintain its previous levels. Despite this recent dip, UBS has maintained a Neutral recommendation for TIC, with a one-year price target of $16.12, suggesting a potential upside of 56.77% from its current position.
Interestingly, institutional interest in TIC has surged, with 244 funds reporting positions, reflecting a staggering 201.23% increase in ownership over the last quarter. Major shareholders, including Viking Global Investors and Progeny 3, have notably increased their stakes, with Progeny 3 raising its allocation by 12.47% and Permian Investment Partners by an impressive 86.86%. This influx of institutional capital contrasts with the stock's recent performance, indicating a complex market sentiment.
The current put/call ratio of 0.07 suggests a prevailing bullish sentiment among investors, despite Jefferies Financial Group's slight reduction in holdings by 0.08% in the last quarter. As TIC navigates this challenging landscape, market participants will be closely monitoring both price movements and institutional actions for further insights.
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- Complete Liquidation: On February 3, 2026, Bernzott Capital sold 389,330 shares of Hillenbrand, with an estimated transaction value of $10.53 million, reflecting the fund's rapid response to market conditions.
- Asset Value Decline: This transaction resulted in a $10.53 million decrease in the quarter-end position value, showcasing the dual impact of trading activity and share price movement, marking a significant reduction in the company's importance within the fund's asset management.
- Full Exit: Following this trade, Bernzott Capital held zero shares in Hillenbrand, which previously accounted for 5.0% of the fund's assets under management, indicating a complete abandonment of this investment.
- Acquisition Context: The announcement of Hillenbrand's acquisition by Lone Star Funds at $32 per share prompted Bernzott Capital to divest its holdings, as the acquisition premium of approximately 30% significantly diminished the strategic rationale for continuing to hold the stock.
- Complete Exit: On February 3, 2026, Bernzott Capital Advisors fully liquidated its position in Hillenbrand by selling 389,330 shares for an estimated $10.53 million, reflecting a cautious stance towards the company's market outlook.
- Market Value Impact: The transaction resulted in a $10.53 million decline in Hillenbrand's quarter-end value, indicating investor sentiment deterioration following the acquisition announcement and the stock's price movements.
- Acquisition Context: Hillenbrand announced in October 2025 that it would be acquired by Lone Star Funds for $32 per share in cash, representing a 30% premium, but with the stock trading close to the buyout price, Bernzott opted to exit to pursue better investment opportunities.
- Poor Market Performance: Hillenbrand's stock has declined between 20% to 39% year-to-date in 2025, underperforming the S&P 500 by 21.6 percentage points, prompting investors to reassess their holdings to optimize asset allocation.
- New Investment Highlight: Cruiser Capital Advisors reported owning 207,607 shares of TIC Solutions valued at approximately $2.76 million as of September 30, 2025, making it the fund's eighth largest holding, indicating a bullish outlook on the company.
- Ownership Proportion Analysis: TIC Solutions accounts for 2.76% of Cruiser Capital's reportable U.S. equity assets totaling $100.19 million, reflecting its increasing significance within the fund's investment portfolio.
- Market Performance: TIC Solutions shares soared to a 52-week high of $14.94 on September 29, 2025, demonstrating positive market sentiment following its merger and rebranding, with projected sales for 2025 expected to reach $1.5 billion, surpassing 2024's $1.1 billion.
- Industry Outlook: TIC Solutions focuses on nondestructive testing and engineering services, leveraging its technical expertise and regulatory compliance to serve industrial and infrastructure clients, positioning itself for further competitive advantage in the rapidly growing specialty services market.

- New Investment Position: As of September 30, 2025, Cruiser Capital Advisors initiated a new stake of 207,607 shares in TIC Solutions valued at $2.76 million, representing 2.76% of the fund's assets under management, indicating a bullish outlook on the company.
- Increased Holding Significance: This acquisition positions TIC Solutions as the eighth largest holding in Cruiser Capital's portfolio, reflecting the fund's strategic investment approach in the financial and industrial sectors, thereby enhancing its competitive edge in the market.
- Strong Market Performance: TIC Solutions' shares soared to a 52-week high of $14.94 on September 29, 2025, indicating positive market sentiment towards its merger and rebranding strategy, which further enhances its investment appeal.
- Future Growth Expectations: TIC Solutions forecasts sales of $1.5 billion for 2025, surpassing the previous record of $1.1 billion in 2024, showcasing its robust growth potential within the industry.
- New Investment Highlight: As of September 30, 2025, Cruiser Capital Advisors initiated a new stake of 207,607 shares in TIC Solutions valued at $2.76 million, representing 2.76% of the fund's assets under management, indicating strong confidence in the company.
- Position Change: This investment catapults TIC Solutions into the eighth largest holding of Cruiser Capital, reflecting the fund's strategic focus on the financial and industrial sectors.
- Market Performance: TIC Solutions' stock reached a 52-week high of $14.94 on September 29, 2025, demonstrating positive market sentiment following its merger and rebranding, with projected sales of $1.5 billion for 2025, surpassing the previous year's $1.1 billion.
- Industry Outlook: TIC Solutions specializes in nondestructive testing and compliance services, leveraging its technical expertise and broad geographic footprint to meet complex needs of high-value industrial clients, thereby enhancing its competitive edge in the specialty services industry.
- Divestment Action: Wildcat Capital Management fully exited its position in TIC Solutions during Q3, liquidating 1.5 million shares with a net change of $16.56 million, indicating a cautious approach towards the company's valuation.
- Stake Reduction: This divestment reduced Wildcat's stake in TIC from 9.84% in the previous quarter to 0%, reflecting a reevaluation of its investment portfolio.
- Company Financial Performance: Despite TIC Solutions reporting Q3 revenue of $473.9 million, a 56% year-over-year increase, Wildcat's exit suggests concerns over the company's integration complexity and elevated leverage.
- Market Reaction: TIC Solutions' stock has declined approximately 19% since its NYSE listing, currently priced at $10.60, indicating market skepticism regarding its future growth potential.










