Schweitzer-Mauduit International (NYSE:SWM) Stock Rating Lowered by Zacks Investment Research

Schweitzer-Mauduit International (NYSE:SWM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, reports.

According to Zacks, “Schweitzer-Mauduit International, Inc. (SWM) is a leading global provider of engineered solutions & advanced materials. From their origins as paper-making experts during the Renaissance to their cutting-edge technologies that solve today’s modern business challenges, SWM has consistently demonstrated a forward-looking approach to helping their customers succeed. In recent years, as they focused on expanding their reach beyond fiber-based materials, SWM established & grew its Advanced Materials & Structures platform to include expertise and capabilities in resin-based technologies and materials. As part of this effort, SWM acquired and integrated several global leaders specializing in market-leading netting & high-performance TPU films, including Argotec, Conwed Plastics and DelStar Technologies. SWM also acquired its subsidiary Filtrexx International, a global leader in the research & development of sustainable, compost-based solutions for erosion control and storm water management. “

Separately, DA Davidson reaffirmed a “buy” rating on shares of Schweitzer-Mauduit International in a research report on Friday, August 9th.

NYSE:SWM opened at $35.65 on Thursday. Schweitzer-Mauduit International has a 52 week low of $24.35 and a 52 week high of $41.58. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.94 and a beta of 1.58. The firm’s 50-day simple moving average is $35.61 and its 200 day simple moving average is $34.42. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.02 and a current ratio of 3.11.

Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.12. Schweitzer-Mauduit International had a net margin of 8.30% and a return on equity of 18.66%. The business had revenue of $269.90 million for the quarter, compared to analyst estimates of $275.95 million. During the same period last year, the firm earned $0.99 earnings per share. Schweitzer-Mauduit International’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts anticipate that Schweitzer-Mauduit International will post 3.46 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SWM. ETF Managers Group LLC acquired a new stake in Schweitzer-Mauduit International during the second quarter worth about $20,793,000. Russell Investments Group Ltd. grew its stake in Schweitzer-Mauduit International by 107.2% during the second quarter. Russell Investments Group Ltd. now owns 1,115,868 shares of the company’s stock worth $37,017,000 after buying an additional 577,265 shares in the last quarter. FMR LLC grew its stake in Schweitzer-Mauduit International by 122,817.8% during the first quarter. FMR LLC now owns 394,566 shares of the company’s stock worth $15,278,000 after buying an additional 394,245 shares in the last quarter. Boston Partners grew its stake in Schweitzer-Mauduit International by 17.4% during the second quarter. Boston Partners now owns 1,554,473 shares of the company’s stock worth $51,569,000 after buying an additional 230,355 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Schweitzer-Mauduit International during the second quarter worth about $6,170,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.

Schweitzer-Mauduit International Company Profile

Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.

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