State of Alaska Department of Revenue raised its position in Albany International Corp. (NYSE:AIN) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,367 shares of the textile maker’s stock after purchasing an additional 594 shares during the quarter. State of Alaska Department of Revenue’s holdings in Albany International were worth $859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIN. Crossmark Global Holdings Inc. raised its position in shares of Albany International by 5.3% during the first quarter. Crossmark Global Holdings Inc. now owns 4,742 shares of the textile maker’s stock worth $339,000 after acquiring an additional 240 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Albany International by 576.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,681 shares of the textile maker’s stock worth $478,000 after buying an additional 5,693 shares in the last quarter. Millennium Management LLC raised its stake in Albany International by 13.8% in the fourth quarter. Millennium Management LLC now owns 245,352 shares of the textile maker’s stock worth $15,317,000 after buying an additional 29,799 shares in the last quarter. Principal Financial Group Inc. raised its stake in Albany International by 0.5% in the first quarter. Principal Financial Group Inc. now owns 718,310 shares of the textile maker’s stock worth $51,425,000 after buying an additional 3,648 shares in the last quarter. Finally, Brinker Capital Inc. bought a new position in Albany International in the fourth quarter worth approximately $230,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

A number of equities analysts recently commented on AIN shares. Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Friday. Alembic Global Advisors began coverage on shares of Albany International in a research note on Friday, June 28th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $87.50.

NYSE AIN traded down $0.07 on Friday, hitting $79.04. The stock had a trading volume of 133,044 shares, compared to its average volume of 190,187. The business has a fifty day moving average of $79.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.49 and a current ratio of 2.99. Albany International Corp. has a 52-week low of $58.06 and a 52-week high of $84.18. The company has a market capitalization of $2.55 billion, a PE ratio of 30.75 and a beta of 1.71.

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

The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, June 6th. Albany International’s dividend payout ratio is currently 28.02%.

In other Albany International news, Director Christine L. Standish sold 1,616,000 shares of Albany International stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $64.67, for a total value of $104,506,720.00. Following the transaction, the director now directly owns 6,595 shares of the company’s stock, valued at $426,498.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.99% of the stock is currently owned by insiders.

Albany International Company Profile

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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