Posted by admin on Aug 6th, 2022
SG Americas Securities LLC lessened its stake in shares of Albany International Corp. (NYSE:AIN – Get Rating) by 85.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,996 shares of the textile maker’s stock after selling 28,636 shares during the period. SG Americas Securities LLC’s holdings in Albany International were worth $421,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Confluence Wealth Services Inc. purchased a new stake in Albany International during the fourth quarter worth about $27,000. US Asset Management LLC purchased a new stake in Albany International during the first quarter worth about $71,000. Nisa Investment Advisors LLC purchased a new stake in Albany International during the first quarter worth about $185,000. CIBC Asset Management Inc purchased a new stake in Albany International during the fourth quarter worth about $224,000. Finally, Inspire Investing LLC purchased a new stake in Albany International during the first quarter worth about $236,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.
AIN opened at $90.43 on Friday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.66 and a beta of 1.29. The company has a quick ratio of 3.73, a current ratio of 4.44 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $82.26 and a 200-day moving average price of $83.36. Albany International Corp. has a twelve month low of $74.17 and a twelve month high of $92.88.
Albany International (NYSE:AIN – Get Rating) last posted its earnings results on Monday, July 25th. The textile maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.26. Albany International had a net margin of 12.93% and a return on equity of 13.57%. During the same period in the prior year, the business earned $1.01 earnings per share. Equities analysts expect that Albany International Corp. will post 3.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Tuesday, June 7th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.93%. Albany International’s dividend payout ratio (DPR) is currently 21.27%.
Separately, StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th.
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels.
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