Prudential Financial Inc. lowered its position in Matrix Service Company (NASDAQ:MTRX) by 48.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,612 shares of the oil and gas company’s stock after selling 53,460 shares during the period. Prudential Financial Inc. owned 0.22% of Matrix Service worth $876,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Matrix Service by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,248,294 shares of the oil and gas company’s stock valued at $21,022,000 after acquiring an additional 195,754 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Matrix Service by 6.1% in the second quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock valued at $13,953,000 after acquiring an additional 86,259 shares during the last quarter. State Street Corp raised its stake in shares of Matrix Service by 12.2% in the first quarter. State Street Corp now owns 838,988 shares of the oil and gas company’s stock valued at $13,842,000 after acquiring an additional 90,999 shares during the last quarter. Boston Partners raised its stake in shares of Matrix Service by 32.0% in the second quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock valued at $6,923,000 after acquiring an additional 179,480 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Matrix Service by 35.8% in the second quarter. Northern Trust Corp now owns 699,229 shares of the oil and gas company’s stock valued at $6,537,000 after acquiring an additional 184,503 shares during the last quarter. Institutional investors own 88.34% of the company’s stock.

Shares of Matrix Service Company (NASDAQ:MTRX) opened at $17.10 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.74. Matrix Service Company has a fifty-two week low of $7.80 and a fifty-two week high of $23.45.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The business had revenue of $269.91 million during the quarter, compared to analyst estimates of $290.56 million. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. Matrix Service’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. analysts forecast that Matrix Service Company will post 0.63 EPS for the current fiscal year.

A number of analysts recently weighed in on MTRX shares. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Tuesday, November 14th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a report on Monday, October 9th. ValuEngine lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. KeyCorp reissued a “hold” rating on shares of Matrix Service in a report on Monday, August 28th. Finally, BidaskClub lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

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About Matrix Service

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.

Institutional Ownership by Quarter for Matrix Service (NASDAQ:MTRX)

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