James Investment Research Inc. purchased a new position in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,700 shares of the company’s stock, valued at approximately $1,755,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SWM. Zions Bancorporation purchased a new position in shares of Schweitzer-Mauduit International in the 3rd quarter valued at about $116,000. SG Americas Securities LLC increased its holdings in shares of Schweitzer-Mauduit International by 103.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,765 shares of the company’s stock valued at $239,000 after acquiring an additional 2,936 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Schweitzer-Mauduit International in the 2nd quarter valued at about $247,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Schweitzer-Mauduit International in the 3rd quarter valued at about $258,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Schweitzer-Mauduit International in the 2nd quarter valued at about $267,000. Institutional investors and hedge funds own 85.95% of the company’s stock.
Separately, Zacks Investment Research downgraded Schweitzer-Mauduit International from a “buy” rating to a “hold” rating in a report on Friday, January 5th.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The business had revenue of $257.80 million for the quarter, compared to the consensus estimate of $238.00 million. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. sell-side analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current year.
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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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