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 research report on Thursday, June 30th.
Shares of Team (NYSE:TISI) opened at 30.87 on Wednesday. Team has a 12 month low of $21.61 and a 12 month high of $39.52. The stock’s 50 day moving average price is $31.48 and its 200-day moving average price is $29.14. The firm’s market capitalization is $905.32 million.
Team (NYSE:TISI) last released its earnings results on Monday, August 8th. The company reported $0.37 earnings per share 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%. On average, equities analysts anticipate that Team will post $1.08 earnings per share for the current fiscal year.
In other news, Director Emmett J. Lescroart sold 30,000 shares of Team stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $31.72, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ted W. Owen sold 2,717 shares of Team 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 of the company’s stock, valued at approximately $1,721,395.80. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new stake in shares of Team during the second quarter worth $143,000. US Bancorp DE raised its stake 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 in the last quarter. Zebra Capital Management LLC bought a new stake in shares of Team during the first quarter worth $259,000. 1st Global Advisors Inc. bought a new stake in shares of Team during the second quarter worth $212,000. Finally, Capstone Asset Management Co. bought a new stake in shares of Team during the second quarter worth $213,000. Institutional investors own 91.90% 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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