Schweitzer-Mauduit International (NYSE:SWM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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 started coverage on Schweitzer-Mauduit International in a report on Tuesday, September 26th. They set a “buy” rating and a $47.00 target price on the stock.

Schweitzer-Mauduit International (SWM) traded down $0.17 during mid-day trading on Friday, hitting $45.90. The company had a trading volume of 104,700 shares, compared to its average volume of 138,967. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.06 and a quick ratio of 2.05. The firm has a market cap of $1,415.34, a price-to-earnings ratio of 17.93, a PEG ratio of 2.73 and a beta of 1.32. Schweitzer-Mauduit International has a 1-year low of $36.26 and a 1-year high of $47.00.

Schweitzer-Mauduit International (NYSE:SWM) last posted its earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $257.80 million for the quarter, compared to analyst estimates of $238.00 million. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. research analysts predict that Schweitzer-Mauduit International will post 3.15 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in Schweitzer-Mauduit International by 7.0% in the 2nd 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 during the period. Zions Bancorporation bought a new stake in Schweitzer-Mauduit International in the 3rd quarter valued at $116,000. Piedmont Investment Advisors LLC bought a new stake in Schweitzer-Mauduit International in the 2nd quarter valued at $247,000. Dynamic Technology Lab Private Ltd bought a new stake in Schweitzer-Mauduit International in the 3rd quarter valued at $258,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Schweitzer-Mauduit International in the 2nd quarter valued at $267,000. Institutional investors and hedge funds own 85.59% of the company’s stock.

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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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