Canada Pension Plan Investment Board Makes New $447,000 Investment in Mativ Holdings, Inc. $MATV

Canada Pension Plan Investment Board bought a new position in Mativ Holdings, Inc. (NYSE:MATV) in the 2nd quarter, Holdings Channel reports. The firm bought 59,000 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in shares of Mativ by 1,082.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $29,000 after buying an additional 2,164 shares during the period. Advisory Services Network LLC purchased a new stake in Mativ in the third quarter worth about $30,000. California State Teachers Retirement System lifted its stake in Mativ by 167.2% in the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after acquiring an additional 2,082 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Mativ by 26.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock worth $48,000 after acquiring an additional 818 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co bought a new position in Mativ during the 4th quarter worth about $77,000. Institutional investors own 94.95% of the company’s stock.

Mativ Trading Up 3.8%

Shares of NYSE MATV opened at $12.51 on Thursday. Mativ Holdings, Inc. has a 1-year low of $7.07 and a 1-year high of $15.48. The business has a fifty day moving average price of $9.75 and a 200 day moving average price of $9.39. The stock has a market capitalization of $689.61 million, a P/E ratio of 7.92 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22. The company had revenue of $531.80 million for the quarter, compared to analyst estimates of $508.50 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%. Equities research analysts expect that Mativ Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.2%. Mativ’s payout ratio is presently 25.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MATV shares. Wall Street Zen upgraded shares of Mativ from a “buy” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mativ currently has a consensus rating of “Hold”.

Mativ Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.