JPMorgan Chase & Co. Raises Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

JPMorgan Chase & Co. raised its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 44.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,822 shares of the company’s stock after purchasing an additional 60,930 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of Mativ worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MATV. American Century Companies Inc. lifted its position 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 valued at $12,719,000 after buying an additional 301,488 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 during the last quarter. Renaissance Technologies LLC bought a new position in Mativ during the second quarter worth about $185,000. Hsbc Holdings PLC purchased a new position in shares of Mativ in the second quarter worth about $447,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Mativ during the 2nd quarter valued at approximately $374,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Price Performance

MATV stock opened at $9.56 on Monday. The company has a market capitalization of $519.65 million, a PE ratio of 4.88, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68. The company’s fifty day moving average price is $11.70 and its 200-day moving average price is $15.21. Mativ Holdings, Inc. has a one year low of $9.44 and a one year high of $19.96. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 4.18%. Mativ’s payout ratio is 20.41%.

Wall Street Analyst Weigh In

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

Mativ 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.