Mativ Holdings, Inc. (NYSE:MATV) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mativ Holdings, Inc. (NYSE:MATV) by 55.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,634 shares of the company’s stock after purchasing an additional 5,903 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mativ were worth $255,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MATV. PNC Financial Services Group Inc. increased its stake in Mativ by 264.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,940 shares of the company’s stock valued at $99,000 after buying an additional 5,034 shares during the period. SG Americas Securities LLC purchased a new stake in Mativ in the 3rd quarter valued at approximately $173,000. Raymond James & Associates acquired a new position in Mativ during the 4th quarter worth approximately $221,000. Louisiana State Employees Retirement System purchased a new position in shares of Mativ during the 4th quarter worth approximately $415,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Mativ in the 3rd quarter valued at approximately $459,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Trading Up 0.9 %

Shares of MATV stock opened at $18.41 on Tuesday. The business’s fifty day moving average price is $17.97 and its 200 day moving average price is $14.98. The firm has a market capitalization of $999.66 million, a PE ratio of -3.25, a P/E/G ratio of 2.03 and a beta of 0.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. Mativ Holdings, Inc. has a 1-year low of $10.78 and a 1-year high of $19.02.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $452.30 million for the quarter, compared to analysts’ expectations of $472.10 million. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. As a group, sell-side analysts forecast that Mativ Holdings, Inc. will post 1.5 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. Mativ’s payout ratio is -7.07%.

Insider Transactions at Mativ

In other news, Director Jeffrey Keenan acquired 3,000 shares of Mativ 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 owns 312,000 shares in the company, valued at approximately $5,010,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.01% of the company’s stock.

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.