Allspring Global Investments Holdings LLC Acquires 105,582 Shares of Mativ Holdings, Inc. $MATV

Allspring Global Investments Holdings LLC increased its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,950,656 shares of the company’s stock after buying an additional 105,582 shares during the period. Allspring Global Investments Holdings LLC owned about 7.23% of Mativ worth $46,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Mativ by 3.0% during the third quarter. Vanguard Group Inc. now owns 3,544,584 shares of the company’s stock worth $40,089,000 after purchasing an additional 103,074 shares during the period. American Century Companies Inc. increased its holdings in Mativ by 13.3% in the third quarter. American Century Companies Inc. now owns 1,916,201 shares of the company’s stock valued at $21,672,000 after purchasing an additional 225,370 shares during the period. JPMorgan Chase & Co. increased its holdings in Mativ by 116.9% in the third quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock valued at $13,823,000 after purchasing an additional 658,748 shares during the period. First Eagle Investment Management LLC raised its position in Mativ by 15.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,013,390 shares of the company’s stock worth $11,461,000 after purchasing an additional 133,500 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Mativ by 1,978.4% during the 1st quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after buying an additional 948,720 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mativ in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Mativ Price Performance

Shares of MATV opened at $8.78 on Thursday. The firm has a market cap of $481.81 million, a PE ratio of -1.40 and a beta of 0.86. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $15.48. The business’s 50 day moving average price is $11.17 and its two-hundred day moving average price is $11.67. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.08 and a current ratio of 2.24.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. Mativ had a negative net margin of 16.98% and a positive return on equity of 9.79%. The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $469.55 million. On average, equities analysts anticipate that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, March 13th. Mativ’s payout ratio is -6.39%.

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.