Albany International Corp. (AIN) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in shares of Albany International Corp. (NYSE:AIN) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326,520 shares of the company’s stock after buying an additional 58,245 shares during the period. Dimensional Fund Advisors LP owned approximately 4.13% of Albany International Corp. worth $52,967,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of AIN. Teacher Retirement System of Texas increased its position in Albany International Corp. by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 4,021 shares of the company’s stock worth $161,000 after buying an additional 497 shares in the last quarter. Springbok Capital Management LLC increased its stake in Albany International Corp. by 114.5% in the first quarter. Springbok Capital Management LLC now owns 6,100 shares of the company’s stock worth $229,000 after buying an additional 3,256 shares during the period. Strs Ohio increased its stake in Albany International Corp. by 8.3% in the second quarter. Strs Ohio now owns 6,500 shares of the company’s stock worth $259,000 after buying an additional 500 shares during the period. Royal Bank of Canada increased its stake in Albany International Corp. by 3,365.8% in the first quarter. Royal Bank of Canada now owns 7,001 shares of the company’s stock worth $263,000 after buying an additional 6,799 shares during the period. Finally, AMP Capital Investors Ltd acquired a new stake in Albany International Corp. during the first quarter worth about $287,000. 86.49% of the stock is owned by institutional investors.
Albany International Corp. (NYSE:AIN) traded down 2.44% during mid-day trading on Friday, reaching $41.58. 118,173 shares of the company were exchanged. The company has a market cap of $1.33 billion, a P/E ratio of 18.75 and a beta of 1.86. The stock’s 50-day moving average is $42.18 and its 200-day moving average is $40.64. Albany International Corp. has a 12 month low of $30.30 and a 12 month high of $44.09.
Albany International Corp. (NYSE:AIN) last released its earnings results on Monday, August 1st. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Albany International Corp. had a return on equity of 12.96% and a net margin of 9.72%. The firm had revenue of $203.20 million for the quarter, compared to analyst estimates of $196.47 million. During the same period in the previous year, the company earned $0.39 earnings per share. Equities analysts expect that Albany International Corp. will post $1.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Tuesday, September 20th were given a $0.17 dividend. The ex-dividend date was Friday, September 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.64%. Albany International Corp.’s dividend payout ratio (DPR) is 30.77%.
In related news, insider Robert Alan Hansen sold 4,122 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $42.89, for a total value of $176,792.58. Following the completion of the transaction, the insider now owns 8,063 shares in the company, valued at approximately $345,822.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.38% of the stock is owned by corporate insiders.
About Albany International Corp.
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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