Quantbot Technologies LP Makes New $518,000 Investment in Albany International Corporation $AIN

Quantbot Technologies LP acquired a new stake in shares of Albany International Corporation (NYSE:AIN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,714 shares of the textile maker’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Albany International by 37.6% in the 2nd quarter. American Century Companies Inc. now owns 1,697,965 shares of the textile maker’s stock worth $119,079,000 after acquiring an additional 464,040 shares in the last quarter. Granite Investment Partners LLC grew its holdings in Albany International by 299.2% in the third quarter. Granite Investment Partners LLC now owns 171,707 shares of the textile maker’s stock worth $9,152,000 after purchasing an additional 128,693 shares during the period. Jane Street Group LLC bought a new position in shares of Albany International during the first quarter valued at approximately $7,468,000. Millennium Management LLC lifted its holdings in shares of Albany International by 464.4% during the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after purchasing an additional 75,644 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Albany International by 9.3% in the 2nd quarter. Sei Investments Co. now owns 797,414 shares of the textile maker’s stock worth $55,923,000 after purchasing an additional 68,079 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AIN. Truist Financial set a $55.00 price objective on Albany International in a research note on Friday, January 9th. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. lifted their target price on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Albany International has an average rating of “Reduce” and an average price target of $61.50.

Albany International Stock Performance

Shares of NYSE AIN opened at $58.60 on Monday. Albany International Corporation has a 12-month low of $41.15 and a 12-month high of $75.16. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -29.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.18. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $56.83 and a 200 day moving average of $55.11.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The business had revenue of $321.21 million for the quarter, compared to analysts’ expectations of $292.32 million. During the same quarter last year, the company posted $0.58 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, research analysts anticipate that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s payout ratio is presently -55.45%.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.