UBS Group AG Purchases 47,246 Shares of Matthews International Corporation $MATW

UBS Group AG boosted its position in Matthews International Corporation (NASDAQ:MATW) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,700 shares of the company’s stock after acquiring an additional 47,246 shares during the quarter. UBS Group AG owned 0.49% of Matthews International worth $3,962,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in Matthews International by 45.9% in the third quarter. US Bancorp DE now owns 2,063 shares of the company’s stock valued at $50,000 after acquiring an additional 649 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Matthews International during the third quarter valued at about $59,000. Tower Research Capital LLC TRC grew its stake in shares of Matthews International by 187.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock valued at $69,000 after buying an additional 1,880 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Matthews International by 51.6% during the second quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock valued at $74,000 after buying an additional 1,048 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Matthews International during the third quarter valued at about $84,000. Institutional investors own 83.08% of the company’s stock.

Matthews International Stock Performance

Matthews International stock opened at $26.76 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $26.54 and a 200-day moving average of $26.18. The firm has a market cap of $834.91 million, a P/E ratio of 86.32 and a beta of 1.12. Matthews International Corporation has a 1-year low of $20.14 and a 1-year high of $30.93.

Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.20. The company had revenue of $258.62 million during the quarter, compared to analyst estimates of $253.65 million. Matthews International had a net margin of 0.80% and a return on equity of 5.88%. Sell-side analysts expect that Matthews International Corporation will post 1.09 EPS for the current year.

Matthews International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, May 11th. Matthews International’s dividend payout ratio is currently 329.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MATW. Weiss Ratings cut Matthews International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Zacks Research raised Matthews International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen cut Matthews International from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Matthews International Company Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.