Cubist Systematic Strategies LLC Has $363,000 Position in Schweitzer-Mauduit International, Inc. (SWM)
Cubist Systematic Strategies LLC boosted its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,767 shares of the company’s stock after purchasing an additional 1,597 shares during the period. Cubist Systematic Strategies LLC’s holdings in Schweitzer-Mauduit International were worth $363,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWM. SG Americas Securities LLC lifted its position in Schweitzer-Mauduit International by 7.0% during the second quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock valued at $105,000 after purchasing an additional 184 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Schweitzer-Mauduit International in the third quarter valued at about $116,000. Piedmont Investment Advisors LLC purchased a new position in shares of Schweitzer-Mauduit International in the second quarter valued at about $247,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Schweitzer-Mauduit International in the third quarter valued at about $258,000. Finally, Sei Investments Co. lifted its position in shares of Schweitzer-Mauduit International by 110.3% in the second quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock valued at $271,000 after acquiring an additional 3,812 shares in the last quarter. Institutional investors own 85.59% of the company’s stock.
Schweitzer-Mauduit International, Inc. (NYSE:SWM) opened at $46.03 on Wednesday. Schweitzer-Mauduit International, Inc. has a 52-week low of $36.26 and a 52-week high of $47.01. The company has a market capitalization of $1,393.53, a PE ratio of 13.58, a PEG ratio of 2.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.06 and a quick ratio of 2.05.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The business had revenue of $257.80 million for the quarter, compared to the consensus estimate of $238.00 million. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. sell-side analysts predict that Schweitzer-Mauduit International, Inc. will post 3.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were given a $0.43 dividend. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Thursday, November 30th. Schweitzer-Mauduit International’s payout ratio is currently 67.19%.
Several brokerages have recently commented on SWM. Zacks Investment Research upgraded Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Tuesday, November 28th. DA Davidson began coverage on Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective 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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