Quantbot Technologies LP Purchases Shares of 9,714 Albany International Corporation $AIN

Quantbot Technologies LP acquired a new stake in Albany International Corporation (NYSE:AIN) during the 3rd quarter, Holdings Channel reports. The firm acquired 9,714 shares of the textile maker’s stock, valued at approximately $518,000.

A number of other hedge funds have also recently made changes to their positions in AIN. EverSource Wealth Advisors LLC grew its position in shares of Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after purchasing an additional 174 shares during the period. Osaic Holdings Inc. grew its holdings in Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Albany International during the 3rd quarter valued at approximately $66,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Albany International during the second quarter valued at approximately $77,000. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AIN. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. raised their price objective on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Truist Financial set a $55.00 target price on Albany International in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Price Performance

Albany International stock opened at $58.60 on Monday. Albany International Corporation has a 52-week low of $41.15 and a 52-week high of $75.16. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $56.83 and its 200 day moving average is $55.11. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -29.01, a PEG ratio of 2.26 and a beta of 1.18.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $321.21 million during the quarter, compared to analysts’ expectations of $292.32 million. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Sell-side analysts forecast that Albany International Corporation will post 3.23 EPS for the current fiscal year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be given a $0.28 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.12 annualized dividend and a yield of 1.9%. Albany International’s dividend payout ratio (DPR) is currently -55.45%.

About Albany International

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.