Savant Capital LLC Makes New $118,000 Investment in Mativ Holdings, Inc. $MATV

Savant Capital LLC purchased a new stake in Mativ Holdings, Inc. (NYSE:MATV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,259 shares of the company’s stock, valued at approximately $118,000.

Several other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in Mativ by 707.7% in the 1st quarter. CWM LLC now owns 4,701 shares of the company’s stock worth $29,000 after purchasing an additional 4,119 shares in the last quarter. US Bancorp DE raised its position in Mativ by 204.2% in the first quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after purchasing an additional 3,811 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Mativ by 186.1% during the second quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock valued at $64,000 after purchasing an additional 6,146 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Mativ during the first quarter worth about $68,000. Finally, DRW Securities LLC bought a new stake in shares of Mativ during the first quarter worth about $91,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MATV shares. Zacks Research downgraded shares of Mativ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mativ in a research note on Wednesday. Finally, Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Mativ Stock Down 3.3%

Mativ stock opened at $11.59 on Friday. The firm has a market cap of $633.75 million, a price-to-earnings ratio of -1.39 and a beta of 0.86. Mativ Holdings, Inc. has a 52-week low of $4.34 and a 52-week high of $14.42. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37. The firm has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $9.21.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The company had revenue of $513.70 million during the quarter, compared to analysts’ expectations of $505.00 million. Equities analysts predict that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 28th. Mativ’s payout ratio is currently -4.98%.

Mativ Company 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.