Boston Partners Raises Stock Position in Matrix Service Company $MTRX

Key Points

• Boston Partners significantly increased its holdings in Matrix Service Company by 787.1% during the first quarter, now owning approximately 1.78% of the company valued at $6.12 million.
• In addition to Boston Partners, several institutional investors, including the Bank of New York Mellon and CenterBook Partners, also expanded their stakes in Matrix Service during the same period.
• Despite these increases in investment, Matrix Service's stock recently declined by 0.9%, with current trading at $14.64 and a market cap of $404.21 million.

Boston Partners increased its position in shares of Matrix Service Company (NASDAQ:MTRX - Free Report) by 787.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,772 shares of the company's stock after purchasing an additional 437,222 shares during the period. Boston Partners owned approximately 1.78% of Matrix Service worth $6,123,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Matrix Service by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock worth $485,000 after purchasing an additional 1,388 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Matrix Service by 180.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock worth $32,000 after purchasing an additional 1,746 shares in the last quarter. Legal & General Group Plc raised its holdings in Matrix Service by 29.6% during the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company's stock worth $99,000 after purchasing an additional 1,881 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Matrix Service during the first quarter worth about $30,000. Finally, Wells Fargo & Company MN raised its holdings in Matrix Service by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 16,569 shares of the company's stock worth $198,000 after purchasing an additional 3,382 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Matrix Service Price Performance

Matrix Service stock traded up $0.6350 during mid-day trading on Friday, reaching $15.5550. The company had a trading volume of 56,324 shares, compared to its average volume of 192,341. Matrix Service Company has a 1 year low of $9.14 and a 1 year high of $16.10. The company has a market capitalization of $429.47 million, a P/E ratio of -19.19, a P/E/G ratio of 1.46 and a beta of 1.12. The stock's 50-day simple moving average is $14.14 and its 200-day simple moving average is $13.02.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.