Sei Investments Co. boosted its stake in Albany International Corp. (NYSE:AIN) by 23.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,820 shares of the textile maker’s stock after acquiring an additional 12,296 shares during the quarter. Sei Investments Co. owned about 0.20% of Albany International worth $3,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Albany International by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,580,292 shares of the textile maker’s stock valued at $137,788,000 after buying an additional 11,228 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Albany International by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,532,232 shares of the textile maker’s stock valued at $81,820,000 after buying an additional 68,150 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Albany International by 1.1% during the 2nd quarter. Earnest Partners LLC now owns 1,144,004 shares of the textile maker’s stock valued at $61,090,000 after buying an additional 12,652 shares during the last quarter. State Street Corp boosted its stake 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 buying an additional 32,310 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Albany International by 164.4% during the 3rd quarter. Principal Financial Group Inc. now owns 611,838 shares of the textile maker’s stock valued at $35,119,000 after buying an additional 380,454 shares during the last quarter. Hedge funds and other institutional investors own 90.53% of the company’s stock.

Albany International Corp. (AIN) opened at $65.25 on Thursday. The company has a market capitalization of $2,080.12, a P/E ratio of 41.68 and a beta of 1.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.76 and a current ratio of 2.49. Albany International Corp. has a one year low of $43.45 and a one year high of $65.40.

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

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Albany International 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 (NYSE:AIN)

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