Team Inc. (NYSE:TISI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “TEAM, INC. is a professional full service provider of environmental engineering, consulting, monitoring and repair services. Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment. “
Separately, KeyCorp reiterated a “buy” rating on shares of Team in a research note on Thursday, June 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold”.
Team (NYSE:TISI) opened at 31.62 on Wednesday. The firm’s market capitalization is $927.32 million. Team has a 1-year low of $21.61 and a 1-year high of $39.52. The company has a 50 day moving average of $31.52 and a 200 day moving average of $29.13.
Team (NYSE:TISI) last issued its earnings results on Monday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Team had a net margin of 1.27% and a return on equity of 6.80%. Analysts forecast that Team will post $1.08 EPS for the current year.
In other news, CEO Ted W. Owen sold 2,717 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $31.86, for a total transaction of $86,563.62. Following the transaction, the chief executive officer now directly owns 54,030 shares in the company, valued at $1,721,395.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Emmett J. Lescroart sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $31.72, for a total transaction of $951,600.00. Following the transaction, the director now owns 73,616 shares in the company, valued at $2,335,099.52. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in TISI. Mason Street Advisors LLC acquired a new position in shares of Team during the second quarter worth about $143,000. US Bancorp DE raised its position in shares of Team by 6.1% in the second quarter. US Bancorp DE now owns 6,046 shares of the company’s stock worth $150,000 after buying an additional 347 shares during the period. 1st Global Advisors Inc. acquired a new position in shares of Team during the second quarter worth about $212,000. Capstone Asset Management Co. acquired a new position in shares of Team during the second quarter worth about $213,000. Finally, BNP Paribas Arbitrage SA acquired a new position in shares of Team during the second quarter worth about $234,000. Institutional investors and hedge funds own 91.91% of the company’s stock.
Team, Inc (Team) provides specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels that are utilized in the refining, petrochemical, power, pipeline and other heavy industries. The Company conducts its operations in three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.