Advisory Research Inc. Has $1.63 Million Stock Position in Albany International Corp. (NYSE:AIN)

Advisory Research Inc. raised its holdings in Albany International Corp. (NYSE:AIN – Get Rating) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,722 shares of the textile maker’s stock after buying an additional 4,558 shares during the quarter. Advisory Research Inc. owned 0.07% of Albany International worth $1,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Albany International by 1.1% in the first quarter. BlackRock Inc. now owns 4,948,017 shares of the textile maker’s stock valued at $417,218,000 after buying an additional 51,597 shares during the period. Vanguard Group Inc. lifted its stake in Albany International by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,444,386 shares of the textile maker’s stock valued at $290,431,000 after buying an additional 30,652 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Albany International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,151,310 shares of the textile maker’s stock valued at $97,080,000 after acquiring an additional 29,943 shares in the last quarter. State Street Corp increased its holdings in shares of Albany International by 0.5% during the third quarter. State Street Corp now owns 1,082,808 shares of the textile maker’s stock valued at $85,587,000 after acquiring an additional 5,426 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Albany International by 22.9% during the second quarter. Sei Investments Co. now owns 592,422 shares of the textile maker’s stock valued at $46,681,000 after acquiring an additional 110,397 shares in the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 owns 11,504 shares in the company, valued at $1,172,602.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Albany International Trading Up 2.4 %

NYSE AIN opened at $92.03 on Wednesday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 3.35 and a beta of 1.34. Albany International Corp. has a 52 week low of $75.24 and a 52 week high of $115.39. The business has a 50 day moving average price of $104.25 and a 200-day moving average price of $96.63. 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 declared a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.00 annualized dividend and a yield of 1.09%. Albany International’s dividend payout ratio (DPR) is currently 32.89%.

About Albany International

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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.