Federated Hermes Inc. Makes New Investment in Mativ Holdings, Inc. (NYSE:MATV)

Federated Hermes Inc. purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,013 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in Mativ by 0.5% in the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after acquiring an additional 9,561 shares during the period. American Century Companies Inc. increased its stake in shares of Mativ by 20.2% in the fourth quarter. American Century Companies Inc. now owns 1,507,418 shares of the company’s stock worth $16,431,000 after purchasing an additional 253,365 shares during the period. Geode Capital Management LLC lifted its position in shares of Mativ by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,247,900 shares of the company’s stock worth $13,606,000 after purchasing an additional 4,386 shares during the last quarter. Royce & Associates LP boosted its stake in Mativ by 26.1% during the 4th quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock valued at $11,889,000 after purchasing an additional 226,090 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Mativ by 44.2% in the 4th quarter. Bank of New York Mellon Corp now owns 613,444 shares of the company’s stock valued at $6,687,000 after buying an additional 187,970 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upgraded Mativ from a “hold” rating to a “buy” rating and cut their price target for the stock from $15.50 to $10.00 in a report on Monday, March 24th.

Mativ Stock Performance

NYSE MATV opened at $4.59 on Friday. The company’s fifty day moving average is $6.36 and its two-hundred day moving average is $10.37. The firm has a market capitalization of $250.02 million, a price-to-earnings ratio of -5.10, a P/E/G ratio of 1.08 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $19.96.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. The firm had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. Equities research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.10 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 8.72%. Mativ’s dividend payout ratio (DPR) is currently -44.44%.

Mativ Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.