Mativ Holdings, Inc. $MATV Stock Position Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Mativ Holdings, Inc. (NYSE:MATV) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,738,809 shares of the company’s stock after purchasing an additional 194,225 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Mativ worth $45,427,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mativ in the 4th quarter valued at about $730,000. Deprince Race & Zollo Inc. lifted its position in Mativ by 14.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 453,965 shares of the company’s stock valued at $5,516,000 after purchasing an additional 57,421 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mativ by 305.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 337,113 shares of the company’s stock valued at $4,096,000 after purchasing an additional 254,012 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Mativ by 2.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,950,656 shares of the company’s stock valued at $46,697,000 after purchasing an additional 105,582 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Mativ by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 29,091 shares of the company’s stock valued at $353,000 after purchasing an additional 8,939 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Mativ Stock Down 5.1%

NYSE MATV opened at $8.19 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.26 and a quick ratio of 1.12. The company’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $11.21. Mativ Holdings, Inc. has a 12 month low of $5.46 and a 12 month high of $15.48. The company has a market capitalization of $451.27 million, a P/E ratio of 6.11 and a beta of 0.89.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, May 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Mativ had a net margin of 3.86% and a return on equity of 11.77%. The business had revenue of $479.60 million for the quarter, compared to the consensus estimate of $486.90 million. Equities research analysts expect that Mativ Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, May 29th. Mativ’s payout ratio is presently 29.85%.

Wall Street Analyst Weigh In

MATV has been the topic of several recent research reports. Wall Street Zen downgraded shares of Mativ from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.