Aperio Group LLC boosted its position in Albany International Corp. (NYSE:AIN) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,831 shares of the textile maker’s stock after purchasing an additional 1,873 shares during the period. Aperio Group LLC’s holdings in Albany International were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. lifted its position in Albany International by 38.8% in the third quarter. Macquarie Group Ltd. now owns 28,175 shares of the textile maker’s stock valued at $1,617,000 after purchasing an additional 7,875 shares during the period. Eagle Boston Investment Management Inc. lifted its position in shares of Albany International by 10.3% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 135,495 shares of the textile maker’s stock valued at $7,885,000 after acquiring an additional 12,646 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Albany International during the 3rd quarter valued at approximately $874,000. State Street Corp lifted its position in shares of Albany International by 4.8% during the 2nd quarter. State Street Corp now owns 709,687 shares of the textile maker’s stock valued at $37,896,000 after acquiring an additional 32,310 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Albany International during the 3rd quarter valued at approximately $552,000. Hedge funds and other institutional investors own 90.15% of the company’s stock.
Shares of Albany International Corp. (NYSE AIN) opened at $63.65 on Thursday. Albany International Corp. has a 12-month low of $43.45 and a 12-month high of $67.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.51 and a current ratio of 3.35. The stock has a market cap of $2,050.00, a P/E ratio of 54.40 and a beta of 1.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. Albany International’s payout ratio is 58.12%.
Separately, Noble Financial initiated coverage on shares of Albany International in a research report on Tuesday, January 9th. They set a “hold” rating for the company.
Albany International Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing 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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