Team Inc. (NYSE:TISI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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. “

Team (NYSE:TISI) opened at 33.20 on Tuesday. The stock’s market capitalization is $974.79 million. Team has a 1-year low of $21.61 and a 1-year high of $39.52. The firm has a 50-day moving average of $31.80 and a 200-day moving average of $29.29.

In related news, Director Emmett J. Lescroart sold 30,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were 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 directly owns 73,616 shares of the company’s stock, valued at $2,335,099.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ted W. Owen sold 2,717 shares of the stock in a transaction dated Monday, August 29th. The stock was 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 of the company’s stock, valued at $1,721,395.80. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TISI. Capstone Asset Management Co. boosted its position in Team by 1.4% in the third quarter. Capstone Asset Management Co. now owns 8,690 shares of the company’s stock valued at $284,000 after buying an additional 120 shares in the last quarter. BlackRock Advisors LLC boosted its position in Team by 1.2% in the second quarter. BlackRock Advisors LLC now owns 14,227 shares of the company’s stock valued at $353,000 after buying an additional 173 shares in the last quarter. BlackRock Inc. boosted its position in Team by 8.0% in the third quarter. BlackRock Inc. now owns 3,160 shares of the company’s stock valued at $103,000 after buying an additional 235 shares in the last quarter. Nationwide Fund Advisors boosted its position in Team by 1.0% in the second quarter. Nationwide Fund Advisors now owns 24,301 shares of the company’s stock valued at $603,000 after buying an additional 248 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Team by 0.5% in the third quarter. Teachers Advisors LLC now owns 50,653 shares of the company’s stock valued at $1,657,000 after buying an additional 259 shares in the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.

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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