Teacher Retirement System of Texas acquired a new stake in shares of Albany International Corp. (NYSE:AIN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,979 shares of the textile maker’s stock, valued at approximately $613,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AIN. Cubist Systematic Strategies LLC bought a new stake in Albany International during the 3rd quarter valued at about $202,000. Crossmark Global Holdings Inc. purchased a new position in Albany International during the 3rd quarter valued at about $335,000. JPMorgan Chase & Co. increased its position in Albany International by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,314 shares of the textile maker’s stock valued at $422,000 after purchasing an additional 2,231 shares during the period. Citadel Advisors LLC purchased a new position in Albany International during the 3rd quarter valued at about $552,000. Finally, SG Americas Securities LLC increased its position in Albany International by 56.1% during the 3rd quarter. SG Americas Securities LLC now owns 9,637 shares of the textile maker’s stock valued at $553,000 after purchasing an additional 3,463 shares during the period. Institutional investors own 89.92% of the company’s stock.
Albany International Corp. (NYSE:AIN) opened at $65.85 on Monday. The company has a current ratio of 3.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.90. The company has a market cap of $2,120.37, a PE ratio of 40.65 and a beta of 1.58. Albany International Corp. has a 12-month low of $43.45 and a 12-month high of $67.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Monday, March 19th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, March 16th. Albany International’s dividend payout ratio (DPR) is 70.83%.
A number of research analysts have commented on AIN shares. Noble Financial started coverage on shares of Albany International in a research report on Tuesday, January 9th. They set a “hold” rating on the stock. ValuEngine raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Stephens started coverage on shares of Albany International in a research report on Tuesday, March 6th. They set a “weight” rating and a $64.00 target price on the stock.
About Albany International
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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