Team Inc. (TISI) Stock Rating Upgraded by Zacks Investment Research
Team Inc. (NYSE:TISI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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 reissued a “buy” rating on shares of Team in a report on Thursday, June 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold”.
Team (NYSE:TISI) opened at 32.40 on Wednesday. The company’s 50-day moving average is $31.54 and its 200 day moving average is $29.08. Team has a one year low of $21.61 and a one year high of $39.52. The company’s market capitalization is $950.19 million.
Team (NYSE:TISI) last posted its earnings results on Monday, August 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.02. Team had a return on equity of 6.80% and a net margin of 1.27%. 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 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 completion of the transaction, the chief executive officer now owns 54,030 shares in the company, valued at approximately $1,721,395.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 of the company’s stock, valued at approximately $2,335,099.52. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its position in Team by 47.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 772,514 shares of the company’s stock valued at $23,469,000 after buying an additional 249,778 shares during the last quarter. Pacific Global Investment Management CO raised its position in Team by 72.9% in the first quarter. Pacific Global Investment Management CO now owns 344,755 shares of the company’s stock valued at $10,474,000 after buying an additional 145,315 shares during the last quarter. Zebra Capital Management LLC purchased a new position in Team during the first quarter valued at about $259,000. Gamco Investors INC. ET AL raised its position in Team by 1.6% in the second quarter. Gamco Investors INC. ET AL now owns 353,192 shares of the company’s stock valued at $8,770,000 after buying an additional 5,425 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in Team by 24.0% in the first quarter. Ngam Advisors L.P. now owns 115,132 shares of the company’s stock valued at $3,498,000 after buying an additional 22,280 shares during the last quarter. Hedge funds and other institutional investors 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.
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