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

Public Employees Retirement System of Ohio purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 73,612 shares of the company’s stock, valued at approximately $557,000. Public Employees Retirement System of Ohio owned about 0.13% of Mativ at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MATV. Sei Investments Co. increased its stake in Mativ by 67.2% in the first quarter. Sei Investments Co. now owns 347,940 shares of the company’s stock valued at $3,027,000 after purchasing an additional 139,822 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Mativ by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock valued at $35,661,000 after buying an additional 138,938 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Mativ during the second quarter worth about $1,530,000. Vanguard Group Inc. boosted its stake in shares of Mativ by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock worth $45,427,000 after buying an additional 194,225 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mativ by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock worth $20,162,000 after buying an additional 147,577 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

MATV has been the topic of several recent research reports. Weiss Ratings upgraded Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Mativ presently has an average rating of “Hold”.

Mativ Stock Down 1.2%

Shares of Mativ stock opened at $12.29 on Friday. Mativ Holdings, Inc. has a one year low of $7.07 and a one year high of $15.48. The company has a market cap of $677.42 million, a P/E 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. The firm has a fifty day moving average of $10.33 and a two-hundred day moving average of $9.33.

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

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 28th. Mativ’s dividend payout ratio is 25.32%.

Mativ 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.