New York State Teachers Retirement System maintained its stake in shares of Albany International Corp. (NYSE:AIN) during the second quarter, Holdings Channel reports. The institutional investor owned 83,775 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Albany International Corp. were worth $3,345,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Aristotle Capital Boston LLC boosted its stake in shares of Albany International Corp. by 84.2% in the first quarter. Aristotle Capital Boston LLC now owns 76,698 shares of the company’s stock valued at $2,883,000 after buying an additional 35,055 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Albany International Corp. during the first quarter valued at approximately $923,000. Springbok Capital Management LLC boosted its stake in shares of Albany International Corp. by 114.5% in the first quarter. Springbok Capital Management LLC now owns 6,100 shares of the company’s stock valued at $229,000 after buying an additional 3,256 shares during the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Albany International Corp. during the first quarter valued at approximately $287,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Albany International Corp. by 56.1% in the first quarter. Renaissance Technologies LLC now owns 762,300 shares of the company’s stock valued at $28,655,000 after buying an additional 274,000 shares during the last quarter. Institutional investors own 86.49% of the company’s stock.
Shares of Albany International Corp. (NYSE:AIN) traded up 0.51% during mid-day trading on Monday, hitting $41.79. 52,144 shares of the company’s stock traded hands. Albany International Corp. has a 52 week low of $30.30 and a 52 week high of $44.09. The company has a market cap of $1.34 billion, a PE ratio of 18.84 and a beta of 1.86. The firm has a 50-day moving average of $42.18 and a 200 day moving average of $40.64.
Albany International Corp. (NYSE:AIN) last announced its earnings results on Monday, August 1st. The company reported $0.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Albany International Corp. had a net margin of 9.72% and a return on equity of 12.96%. The company had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $196.47 million. During the same period last year, the firm earned $0.39 earnings per share. Equities research analysts predict that Albany International Corp. will post $1.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. Albany International Corp.’s dividend payout ratio is presently 30.77%.
In other news, insider Robert Alan Hansen sold 4,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $42.89, for a total transaction of $176,792.58. Following the transaction, the insider now directly owns 8,063 shares of the company’s stock, valued at $345,822.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.38% of the company’s stock.
Albany International Corp. Company Profile
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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