WINTON GROUP Ltd bought a new stake in Albany International Corp. (NYSE:AIN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 109,551 shares of the textile maker’s stock, valued at approximately $6,869,000. WINTON GROUP Ltd owned about 0.34% of Albany International at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its position in shares of Albany International by 62.1% during the first quarter. Xact Kapitalforvaltning AB now owns 5,744 shares of the textile maker’s stock worth $360,000 after acquiring an additional 2,200 shares during the last quarter. Legal & General Group Plc raised its position in shares of Albany International by 2.3% during the first quarter. Legal & General Group Plc now owns 61,076 shares of the textile maker’s stock worth $3,811,000 after acquiring an additional 1,384 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Albany International by 65.6% during the first quarter. Cubist Systematic Strategies LLC now owns 7,574 shares of the textile maker’s stock worth $475,000 after acquiring an additional 3,001 shares during the last quarter. Earnest Partners LLC grew its stake in Albany International by 2.0% during the first quarter. Earnest Partners LLC now owns 1,445,380 shares of the textile maker’s stock worth $90,625,000 after purchasing an additional 27,774 shares during the period. Finally, Barclays PLC grew its stake in Albany International by 32.7% during the first quarter. Barclays PLC now owns 8,861 shares of the textile maker’s stock worth $556,000 after purchasing an additional 2,185 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Albany International opened at $61.35 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 2.67, a current ratio of 3.24 and a debt-to-equity ratio of 0.87. Albany International Corp. has a one year low of $49.20 and a one year high of $68.85. The company has a market cap of $1.99 billion, a P/E ratio of 36.32 and a beta of 1.58.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 9th. Shareholders of record on Thursday, June 7th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, June 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Albany International’s dividend payout ratio (DPR) is presently 42.24%.
Several equities research analysts recently commented on AIN shares. ValuEngine raised Albany International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut Albany International from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. Finally, Stephens started coverage on Albany International in a research note on Tuesday, March 6th. They set a “weight” rating and a $64.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Albany International has an average rating of “Hold” and a consensus price target of $64.00.
Albany International Profile
Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.
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