Mativ Holdings, Inc. (NYSE:MATV) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,522,582 shares of the company's stock after purchasing an additional 56,774 shares during the period. Vanguard Group Inc. owned about 12.03% of Mativ worth $93,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new stake in shares of Mativ during the fourth quarter worth approximately $42,000. PNC Financial Services Group Inc. purchased a new stake in shares of Mativ during the fourth quarter worth approximately $51,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Mativ during the fourth quarter worth approximately $56,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of Mativ during the fourth quarter worth approximately $67,000. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Mativ during the fourth quarter worth approximately $92,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mativ

In other Mativ news, Director Jeffrey Keenan purchased 3,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the acquisition, the director now directly owns 312,000 shares of the company's stock, valued at approximately $5,010,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.01% of the stock is currently owned by corporate insiders.

Mativ Stock Up 0.6 %

Shares of MATV stock traded up $0.11 during trading hours on Friday, reaching $18.61. 191,696 shares of the stock were exchanged, compared to its average volume of 471,004. The business's fifty day moving average is $15.75 and its two-hundred day moving average is $14.41. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. The firm has a market capitalization of $1.01 billion, a P/E ratio of -3.29, a P/E/G ratio of 2.06 and a beta of 0.74. Mativ Holdings, Inc. has a 12-month low of $10.78 and a 12-month high of $21.60.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $452.30 million during the quarter, compared to the consensus estimate of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. As a group, research analysts expect that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, March 7th. Mativ's dividend payout ratio (DPR) is -7.07%.

About Mativ

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.