Public Employees Retirement Association of Colorado trimmed its holdings in shares of Albany International Corporation (NYSE:AIN) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,860 shares of the textile maker’s stock after selling 902 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Albany International Corporation were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Arizona State Retirement System increased its position in Albany International Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 15,114 shares of the textile maker’s stock worth $807,000 after buying an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Albany International Corporation by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 22,376 shares of the textile maker’s stock worth $1,194,000 after buying an additional 129 shares during the last quarter. Texas Permanent School Fund increased its position in Albany International Corporation by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,100 shares of the textile maker’s stock worth $1,127,000 after buying an additional 176 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Albany International Corporation by 0.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,515 shares of the textile maker’s stock worth $1,042,000 after buying an additional 183 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in Albany International Corporation by 2.6% during the second quarter. Suntrust Banks Inc. now owns 7,838 shares of the textile maker’s stock worth $417,000 after buying an additional 196 shares during the last quarter. 92.91% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded shares of Albany International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

Albany International Corporation (NYSE AIN) opened at $59.25 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.76 and a debt-to-equity ratio of 0.80. The company has a market cap of $1,894.97, a price-to-earnings ratio of 37.97 and a beta of 1.72. Albany International Corporation has a 1 year low of $43.45 and a 1 year high of $60.85.

Albany International Corporation (NYSE:AIN) last posted its earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. The firm had revenue of $222.14 million for the quarter. Albany International Corporation had a net margin of 5.06% and a return on equity of 9.24%. During the same period in the previous year, the company earned $0.41 earnings per share.

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Albany International Corporation 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.

Institutional Ownership by Quarter for Albany International Corporation (NYSE:AIN)

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