1 week Ago By ABMN Staff
Barclays PLC raised its holdings in Albany International Corp. ( NYSE:AIN – Free Report ) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 55,483 shares of the textile maker’s stock after acquiring an additional 2,256 shares during the quarter. Barclays PLC owned approximately 0.18% of Albany International worth $4,437,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Integrated Investment Consultants LLC increased its stake in Albany International by 3.3% in the 4th quarter.
Integrated Investment Consultants LLC now owns 4,825 shares of the textile maker’s stock worth $386,000 after buying an additional 155 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Albany International by 6.
8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker’s stock worth $261,000 after acquiring an additional 207 shares during the period.
Central Pacific Bank Trust Division raised its stake in shares of Albany International by 16.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,305 shares of the textile maker’s stock valued at $184,000 after acquiring an additional 320 shares in the last quarter.
Inspire Investing LLC boosted its holdings in shares of Albany International by 7.2% in the fourth quarter. Inspire Investing LLC now owns 5,004 shares of the textile maker’s stock valued at $400,000 after purchasing an additional 334 shares during the period.
Finally, HighTower Advisors LLC grew its stake in Albany International by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 17,157 shares of the textile maker’s stock worth $1,372,000 after purchasing an additional 342 shares in the last quarter.
97.37% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several brokerages have weighed in on AIN.
Robert W. Baird lowered their target price on Albany International from $104.00 to $92.
00 and set an “outperform” rating for the company in a report on Friday, February 28th. Bank of America dropped their target price on shares of Albany International from $80.00 to $75.
00 and set an “underperform” rating on the stock in a report on Tuesday, March 25th. StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a report on Thursday, April 17th.
JPMorgan Chase & Co. dropped their price objective on shares of Albany International from $75.00 to $74.
00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial reduced their price objective on shares of Albany International from $88.00 to $80.
00 and set a “buy” rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.
40. Albany International Trading Up 0.5 % NYSE AIN opened at $65.
81 on Monday. Albany International Corp. has a 52 week low of $57.
71 and a 52 week high of $95.47. The company has a 50 day moving average price of $70.
27 and a 200 day moving average price of $76.28. The company has a quick ratio of 2.
94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.
The firm has a market cap of $2.03 billion, a PE ratio of 20.57 and a beta of 1.
29. Albany International ( NYSE:AIN – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.
58 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.05).
Albany International had a net margin of 7.92% and a return on equity of 12.20%.
The business had revenue of $286.91 million for the quarter, compared to analysts’ expectations of $299.52 million.
As a group, sell-side analysts forecast that Albany International Corp. will post 3.23 EPS for the current fiscal year.
Albany International Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 21st were paid a $0.27 dividend.
This represents a $1.08 dividend on an annualized basis and a yield of 1.64%.
The ex-dividend date was Friday, March 21st. Albany International’s dividend payout ratio (DPR) is presently 38.71%.
Albany International Company Profile ( Free Report ) Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC).
The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications. See Also Want to see what other hedge funds are holding AIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albany International Corp.
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