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 issued a buy rating to the company. Team has a consensus rating of Hold.
Team (NYSE:TISI) traded down 2.10% during mid-day trading on Wednesday, hitting $31.75. 46,860 shares of the stock traded hands. Team has a 12-month low of $21.61 and a 12-month high of $39.52. The stock’s market cap is $931.13 million. The company has a 50 day moving average of $31.54 and a 200-day moving average of $29.11.
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%. Equities research analysts forecast that Team will post $1.08 earnings per share for the current year.
In related news, CEO Ted W. Owen sold 2,717 shares of Team stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emmett J. Lescroart sold 30,000 shares of Team stock in a transaction on 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 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 insiders.
A number of institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in Team during the second quarter worth $143,000. US Bancorp DE raised its position in 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. purchased a new position in Team during the second quarter worth $212,000. Capstone Asset Management Co. purchased a new position in Team during the second quarter worth $213,000. Finally, BNP Paribas Arbitrage SA purchased a new position in Team during the second quarter worth $234,000. Hedge funds and other institutional investors 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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