Allspring Global Investments Holdings LLC Has $68.59 Million Stake in Mativ Holdings, Inc. (NYSE:MATV)

Allspring Global Investments Holdings LLC increased its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,037,011 shares of the company’s stock after buying an additional 25,885 shares during the period. Allspring Global Investments Holdings LLC owned 7.43% of Mativ worth $68,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Mativ by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after purchasing an additional 52,858 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Mativ by 579.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock valued at $26,238,000 after purchasing an additional 1,461,640 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Mativ by 12.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock valued at $26,187,000 after purchasing an additional 176,600 shares in the last quarter. American Century Companies Inc. raised its position in Mativ by 67.2% during the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after purchasing an additional 301,488 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Mativ by 2,139.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock valued at $9,893,000 after purchasing an additional 504,071 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Stock Performance

NYSE MATV opened at $15.79 on Tuesday. The firm’s fifty day moving average price is $17.60 and its two-hundred day moving average price is $17.54. The stock has a market cap of $857.60 million, a PE ratio of -2.64, a PEG ratio of 3.37 and a beta of 0.70. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. Mativ had a negative net margin of 16.55% and a positive return on equity of 5.19%. The company had revenue of $523.80 million for the quarter, compared to analysts’ expectations of $526.50 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts expect that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.53%. Mativ’s dividend payout ratio is currently -6.68%.

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.