Natixis Advisors LLC Has $18.53 Million Stock Position in Albany International Corp. (NYSE:AIN)

Natixis Advisors LLC reduced its position in Albany International Corp. (NYSE:AIN) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 231,725 shares of the textile maker’s stock after selling 7,972 shares during the period. Natixis Advisors LLC’s holdings in Albany International were worth $18,531,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vestcor Inc acquired a new stake in Albany International during the fourth quarter worth approximately $70,000. Swiss National Bank lifted its position in Albany International by 0.8% during the fourth quarter. Swiss National Bank now owns 61,400 shares of the textile maker’s stock worth $4,910,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC lifted its position in Albany International by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 17,157 shares of the textile maker’s stock worth $1,372,000 after acquiring an additional 342 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Albany International during the fourth quarter worth approximately $646,000. Finally, Raymond James Financial Inc. acquired a new stake in Albany International during the fourth quarter worth approximately $19,349,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Robert W. Baird cut their price objective on shares of Albany International from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. TD Cowen raised shares of Albany International to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com cut shares of Albany International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Truist Financial raised their target price on shares of Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.00.

Albany International Stock Down 0.1 %

Shares of AIN opened at $73.90 on Wednesday. Albany International Corp. has a 12 month low of $67.39 and a 12 month high of $96.49. The firm’s 50 day moving average is $78.77 and its 200-day moving average is $79.95. The stock has a market capitalization of $2.28 billion, a PE ratio of 23.09 and a beta of 1.37. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The firm had revenue of $286.91 million during the quarter, compared to the consensus estimate of $299.52 million. Albany International had a net margin of 7.92% and a return on equity of 12.20%. Equities research analysts forecast that Albany International Corp. will post 3.23 EPS for the current year.

Albany International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 21st will be paid a $0.27 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.46%. Albany International’s dividend payout ratio (DPR) is 38.71%.

Albany International Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites 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 for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.