Public Employees Retirement System of Ohio Takes $557,000 Position in Mativ Holdings, Inc. $MATV

Public Employees Retirement System of Ohio acquired a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) during the second quarter, HoldingsChannel reports. The fund acquired 73,612 shares of the company’s stock, valued at approximately $557,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MATV. Rockefeller Capital Management L.P. grew its holdings in shares of Mativ by 1,082.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $29,000 after acquiring an additional 2,164 shares during the period. Advisory Services Network LLC acquired a new position in Mativ during the third quarter worth $30,000. California State Teachers Retirement System boosted its position in Mativ by 167.2% during the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after purchasing an additional 2,082 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Mativ by 26.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock valued at $48,000 after purchasing an additional 818 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in Mativ in the fourth quarter valued at $77,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MATV. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Mativ Price Performance

Shares of NYSE:MATV opened at $12.29 on Friday. The business’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $9.33. The stock has a market cap of $677.42 million, a PE ratio of 7.78 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 1.98. Mativ Holdings, Inc. has a one year low of $7.07 and a one year high of $15.48.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.22. Mativ had a return on equity of 13.53% and a net margin of 4.50%.The company had revenue of $531.80 million during the quarter, compared to analysts’ expectations of $508.50 million. On average, analysts forecast that Mativ Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 28th. Mativ’s dividend payout ratio (DPR) is currently 25.32%.

Mativ Company Profile

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.