Albany International Corp. (NYSE:AIN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Albany International Corp. (NYSE:AIN – Get Rating) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,000 shares of the textile maker’s stock after selling 7,600 shares during the quarter. Renaissance Technologies LLC owned about 0.20% of Albany International worth $4,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AIN. Quadrant Capital Group LLC grew its holdings in Albany International by 110.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 809 shares of the textile maker’s stock valued at $64,000 after buying an additional 425 shares during the period. Lazard Asset Management LLC purchased a new stake in Albany International in the 2nd quarter valued at about $77,000. Eagle Bay Advisors LLC grew its holdings in Albany International by 121.3% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,193 shares of the textile maker’s stock valued at $94,000 after buying an additional 654 shares during the period. Captrust Financial Advisors grew its holdings in shares of Albany International by 89.0% during the 1st quarter. Captrust Financial Advisors now owns 1,380 shares of the textile maker’s stock worth $117,000 after purchasing an additional 650 shares during the period. Finally, Ronald Blue Trust Inc. purchased a new stake in shares of Albany International during the 2nd quarter worth about $125,000. Institutional investors and hedge funds own 99.94% of the company’s stock.

Albany International Trading Down 3.1 %

Shares of AIN stock opened at $92.97 on Friday. The stock has a 50-day simple moving average of $104.57 and a 200 day simple moving average of $96.62. Albany International Corp. has a fifty-two week low of $75.24 and a fifty-two week high of $115.39. The stock has a market capitalization of $2.89 billion, a P/E ratio of 30.58, a P/E/G ratio of 3.45 and a beta of 1.34. The company has a quick ratio of 3.31, a current ratio of 3.97 and a debt-to-equity ratio of 0.51.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Friday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, March 16th. Albany International’s dividend payout ratio is 32.89%.

Insider Activity

In other news, SVP Robert Alan Hansen sold 1,900 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $101.93, for a total transaction of $193,667.00. Following the completion of the sale, the senior vice president now directly owns 11,504 shares of the company’s stock, valued at $1,172,602.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price target on Albany International from $80.00 to $85.00 in a research report on Monday, January 9th.

Albany International Company Profile

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Albany International Corp. engages in textiles and materials processing. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries.