Arrowstreet Capital Limited Partnership Sells 86,480 Shares of Schweitzer-Mauduit International, Inc. (SWM)
Arrowstreet Capital Limited Partnership decreased its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 44.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,178 shares of the company’s stock after selling 86,480 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.35% of Schweitzer-Mauduit International worth $4,027,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at $267,000. State Street Corp lifted its holdings in shares of Schweitzer-Mauduit International by 4.2% during the 2nd quarter. State Street Corp now owns 783,424 shares of the company’s stock valued at $29,167,000 after acquiring an additional 31,424 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Schweitzer-Mauduit International by 14.1% during the 2nd quarter. Royal Bank of Canada now owns 13,745 shares of the company’s stock valued at $512,000 after acquiring an additional 1,696 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Schweitzer-Mauduit International by 28.9% during the 2nd quarter. HighTower Advisors LLC now owns 22,200 shares of the company’s stock valued at $827,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Schweitzer-Mauduit International by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 14,586 shares of the company’s stock valued at $543,000 after acquiring an additional 1,242 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.
In other Schweitzer-Mauduit International news, Director Jeffrey Keenan purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $38.64 per share, for a total transaction of $386,400.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $966,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.84% of the company’s stock.
Schweitzer-Mauduit International, Inc. (SWM) opened at 41.87 on Tuesday. The firm has a 50-day moving average of $39.78 and a 200-day moving average of $39.22. Schweitzer-Mauduit International, Inc. has a one year low of $35.31 and a one year high of $47.01. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 17.97 and a beta of 1.22.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. Schweitzer-Mauduit International had a net margin of 8.00% and a return on equity of 18.00%. The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.50 million. During the same quarter in the prior year, the business posted $0.93 EPS. Schweitzer-Mauduit International’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts anticipate that Schweitzer-Mauduit International, Inc. will post $3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, August 25th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.68 annualized dividend and a dividend yield of 4.01%. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 72.10%.
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Separately, DA Davidson began coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They set a “buy” rating and a $47.00 target price on the stock.
About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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