Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in Mativ Holdings, Inc. (NYSE:MATV) by 227.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,836 shares of the company’s stock after purchasing an additional 71,436 shares during the quarter. Barclays PLC’s holdings in Mativ were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Mativ by 0.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock worth $68,589,000 after buying an additional 25,885 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $36,546,000 after acquiring an additional 52,858 shares during the last quarter. State Street Corp grew its stake in Mativ by 0.5% in the 3rd quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after acquiring an additional 9,561 shares during the period. Royce & Associates LP raised its holdings in Mativ by 4.8% in the 3rd quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock valued at $14,691,000 after acquiring an additional 39,690 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Mativ by 67.2% during the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after purchasing an additional 301,488 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus assumed coverage on Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective for the company.

Mativ Trading Down 1.8 %

NYSE MATV opened at $10.98 on Friday. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.96. The company has a 50-day moving average of $13.40 and a 200-day moving average of $15.97. The company has a market cap of $596.61 million, a P/E ratio of 5.60, a P/E/G ratio of 3.32 and a beta of 0.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.64%. Mativ’s dividend payout ratio is presently 20.41%.

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.