Aristotle Capital Boston LLC boosted its position in shares of Albany International Corp. (NYSE:AIN) by 9.4% in the third quarter, Holdings Channel reports. The firm owned 226,746 shares of the textile maker’s stock after purchasing an additional 19,441 shares during the period. Albany International comprises 1.3% of Aristotle Capital Boston LLC’s holdings, making the stock its 21st largest holding. Aristotle Capital Boston LLC’s holdings in Albany International were worth $18,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ibex Investors LLC acquired a new stake in Albany International during the third quarter valued at $208,000. Hsbc Holdings PLC acquired a new stake in Albany International during the third quarter valued at $217,000. D.A. Davidson & CO. acquired a new stake in Albany International during the third quarter valued at $258,000. Bank of Montreal Can boosted its position in Albany International by 40.2% during the third quarter. Bank of Montreal Can now owns 3,422 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 982 shares during the last quarter. Finally, Invictus RG acquired a new stake in Albany International during the third quarter valued at $302,000. 87.08% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. ValuEngine raised Albany International from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research cut Albany International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, Stephens reissued a “hold” rating on shares of Albany International in a research report on Thursday, August 16th.

Shares of NYSE:AIN opened at $69.40 on Friday. Albany International Corp. has a fifty-two week low of $57.95 and a fifty-two week high of $82.20. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 43.11 and a beta of 1.74. The company has a quick ratio of 2.41, a current ratio of 2.90 and a debt-to-equity ratio of 0.87.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Tuesday, October 30th. The textile maker reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.15. Albany International had a return on equity of 14.33% and a net margin of 7.51%. The company had revenue of $253.25 million during the quarter, compared to analysts’ expectations of $248.50 million. As a group, analysts predict that Albany International Corp. will post 2.54 EPS for the current fiscal year.

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

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