Team Inc. (TISI) Lowered to Sell at Zacks Investment Research
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 restated a buy rating on shares of Team in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold.
Shares of Team (NYSE:TISI) opened at 31.87 on Wednesday. The firm has a 50-day moving average of $31.39 and a 200 day moving average of $28.73. Team has a one year low of $21.61 and a one year high of $39.52. The stock’s market capitalization is $934.65 million.
Team (NYSE:TISI) last announced its earnings results on Monday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.02. Team had a net margin of 1.27% and a return on equity of 6.80%. On average, equities research analysts predict that Team will post $1.08 EPS for the current year.
In other Team news, CEO Ted W. Owen sold 2,717 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $31.86, for a total value of $86,563.62. Following the transaction, the chief executive officer now directly owns 54,030 shares in the company, valued at approximately $1,721,395.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emmett J. Lescroart sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $31.72, for a total transaction of $951,600.00. Following the completion of 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. Corporate insiders own 4.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of TISI. Ngam Advisors L.P. increased its position in shares of Team by 24.0% in the first quarter. Ngam Advisors L.P. now owns 115,132 shares of the company’s stock worth $3,498,000 after buying an additional 22,280 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Team by 54.0% in the first quarter. TIAA CREF Investment Management LLC now owns 100,563 shares of the company’s stock worth $3,055,000 after buying an additional 35,248 shares in the last quarter. Teachers Advisors Inc. increased its position in Team by 61.6% in the first quarter. Teachers Advisors Inc. now owns 48,202 shares of the company’s stock worth $1,464,000 after buying an additional 18,372 shares in the last quarter. Prudential Financial Inc. acquired a new position in Team during the first quarter worth about $644,000. Finally, BlackRock Fund Advisors increased its position in Team by 33.7% in the first quarter. BlackRock Fund Advisors now owns 749,217 shares of the company’s stock worth $22,761,000 after buying an additional 188,693 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
Team Company Profile
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.
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