Schweitzer-Mauduit International, Inc. (SWM) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. boosted its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 38.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,030 shares of the company’s stock after purchasing an additional 6,159 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Schweitzer-Mauduit International worth $913,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SWM. SG Americas Securities LLC boosted its stake in shares of Schweitzer-Mauduit International by 7.0% during the 2nd quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after acquiring an additional 184 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth $247,000. Cubist Systematic Strategies LLC purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth $267,000. Sei Investments Co. boosted its stake in shares of Schweitzer-Mauduit International by 110.3% during the 2nd quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock worth $271,000 after acquiring an additional 3,812 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Schweitzer-Mauduit International by 61.6% during the 2nd quarter. Quantbot Technologies LP now owns 8,400 shares of the company’s stock worth $312,000 after acquiring an additional 3,203 shares during the last quarter. Institutional investors and hedge funds own 86.31% of the company’s stock.
Separately, DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They set a “buy” rating and a $47.00 target price on the stock.
Schweitzer-Mauduit International, Inc. (NYSE SWM) traded down $0.11 on Friday, hitting $43.79. 86,400 shares of the company were exchanged, compared to its average volume of 139,560. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.05 and a current ratio of 3.06. Schweitzer-Mauduit International, Inc. has a 52 week low of $36.26 and a 52 week high of $47.01. The stock has a market cap of $1,345.30, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.78 and a beta of 1.29.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The company had revenue of $257.80 million for the quarter, compared to analysts’ expectations of $238.00 million. During the same quarter in the previous year, the company earned $0.74 EPS. Schweitzer-Mauduit International’s revenue for the quarter was up 23.2% on a year-over-year basis. equities research analysts anticipate that Schweitzer-Mauduit International, Inc. will post 3.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.43 per share. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. Schweitzer-Mauduit International’s payout ratio is 65.63%.
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Schweitzer-Mauduit International Company Profile
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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