Boston Partners Sells 87,140 Shares of Matrix Service Co (MTRX)
Boston Partners cut its holdings in shares of Matrix Service Co (NASDAQ:MTRX) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,203 shares of the oil and gas company’s stock after selling 87,140 shares during the period. Boston Partners’ holdings in Matrix Service were worth $7,444,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Royce & Associates LP boosted its position in Matrix Service by 0.9% during the 3rd quarter. Royce & Associates LP now owns 1,021,428 shares of the oil and gas company’s stock worth $15,526,000 after buying an additional 8,700 shares during the period. California Public Employees Retirement System lifted its position in shares of Matrix Service by 19.9% in the 3rd quarter. California Public Employees Retirement System now owns 146,650 shares of the oil and gas company’s stock worth $2,229,000 after purchasing an additional 24,350 shares during the period. 22NW LP lifted its position in shares of Matrix Service by 41.4% in the 3rd quarter. 22NW LP now owns 166,600 shares of the oil and gas company’s stock worth $2,532,000 after purchasing an additional 48,800 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Matrix Service by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 470,885 shares of the oil and gas company’s stock worth $4,401,000 after purchasing an additional 130,390 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Matrix Service by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock worth $13,953,000 after purchasing an additional 86,259 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.
Matrix Service Co (NASDAQ MTRX) opened at $15.08 on Friday. The stock has a market cap of $387.51, a P/E ratio of -60.30 and a beta of 0.63. Matrix Service Co has a 1 year low of $7.80 and a 1 year high of $20.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.72.
In other news, CEO John R. Hewitt sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.66, for a total value of $88,300.00. Following the transaction, the chief executive officer now owns 283,529 shares in the company, valued at approximately $5,007,122.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on MTRX. Zacks Investment Research downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BidaskClub downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.00.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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