Mativ (NYSE:MATV – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Monday.
Separately, Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mativ currently has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on Mativ
Mativ Price Performance
Mativ (NYSE:MATV – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.22. The firm had revenue of $531.80 million during the quarter, compared to the consensus estimate of $508.50 million. Mativ had a net margin of 4.50% and a return on equity of 13.53%. As a group, equities analysts anticipate that Mativ will post 0.97 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in MATV. Royal Bank of Canada boosted its position in Mativ by 31.3% during the first quarter. Royal Bank of Canada now owns 45,795 shares of the company’s stock valued at $286,000 after purchasing an additional 10,927 shares in the last quarter. AQR Capital Management LLC raised its holdings in Mativ by 119.8% in the first quarter. AQR Capital Management LLC now owns 167,517 shares of the company’s stock worth $1,044,000 after purchasing an additional 91,301 shares in the last quarter. Millennium Management LLC grew its position in shares of Mativ by 1,978.4% in the 1st quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after buying an additional 948,720 shares during the last quarter. Empowered Funds LLC grew its position in shares of Mativ by 6.0% in the 1st quarter. Empowered Funds LLC now owns 319,593 shares of the company’s stock worth $1,991,000 after buying an additional 18,161 shares during the last quarter. Finally, Creative Planning bought a new position in shares of Mativ during the 2nd quarter worth approximately $159,000. 94.95% of the stock is owned by institutional investors.
Mativ Company 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.
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