Marshall Wace LLP Purchases 19,304 Shares of Albany International Corp. (NYSE:AIN)

Marshall Wace LLP grew its position in Albany International Corp. (NYSE:AIN) by 942.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,353 shares of the textile maker’s stock after purchasing an additional 19,304 shares during the period. Marshall Wace LLP owned about 0.07% of Albany International worth $1,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIN. Parallel Advisors LLC bought a new stake in shares of Albany International during the first quarter worth $50,000. Quadrant Capital Group LLC increased its holdings in Albany International by 253.2% in the 1st quarter. Quadrant Capital Group LLC now owns 989 shares of the textile maker’s stock valued at $67,000 after buying an additional 709 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Albany International by 59.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,399 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 897 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Albany International by 27.7% during the 4th quarter. Hsbc Holdings PLC now owns 3,475 shares of the textile maker’s stock valued at $217,000 after purchasing an additional 754 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new stake in shares of Albany International during the 4th quarter valued at approximately $222,000. Institutional investors own 87.82% of the company’s stock.

AIN traded down $0.22 during trading on Thursday, hitting $78.48. 105,089 shares of the company’s stock were exchanged, compared to its average volume of 165,759. Albany International Corp. has a fifty-two week low of $58.06 and a fifty-two week high of $84.18. The company has a current ratio of 2.99, a quick ratio of 2.49 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.58 billion, a PE ratio of 30.54 and a beta of 1.71. The firm’s 50 day moving average price is $78.03.

Albany International (NYSE:AIN) last posted its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.14. The company had revenue of $251.37 million during the quarter, compared to analyst estimates of $253.75 million. Albany International had a net margin of 10.41% and a return on equity of 16.39%. As a group, research analysts expect that Albany International Corp. will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, June 6th. Albany International’s payout ratio is currently 28.02%.

In other Albany International news, Director Christine L. Standish sold 1,616,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $64.67, for a total transaction of $104,506,720.00. Following the transaction, the director now directly owns 6,595 shares in the company, valued at $426,498.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.99% of the stock is owned by company insiders.

AIN has been the topic of a number of research reports. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. Alembic Global Advisors initiated coverage on shares of Albany International in a research report on Friday, June 28th. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Albany International currently has a consensus rating of “Hold” and a consensus price target of $86.75.

About Albany International

Albany International Corp. engages in the textile and materials processing businesses. The company operates in 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, and dryer fabrics, as well as process belts.

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

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