Natixis Advisors LLC Sells 7,972 Shares of Albany International Corp. (NYSE:AIN)

Natixis Advisors LLC lowered its position in Albany International Corp. (NYSE:AIN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,725 shares of the textile maker’s stock after selling 7,972 shares during the period. Natixis Advisors LLC owned about 0.74% of Albany International worth $18,531,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP increased its position in shares of Albany International by 515.4% in the 3rd quarter. Quarry LP now owns 480 shares of the textile maker’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Albany International by 306.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker’s stock worth $53,000 after purchasing an additional 503 shares in the last quarter. Vestcor Inc bought a new position in Albany International during the 4th quarter worth about $70,000. KBC Group NV increased its holdings in Albany International by 28.9% during the 3rd quarter. KBC Group NV now owns 1,058 shares of the textile maker’s stock worth $94,000 after purchasing an additional 237 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Albany International by 16.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,305 shares of the textile maker’s stock worth $184,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Albany International Trading Down 0.1 %

Albany International stock opened at $73.90 on Wednesday. The firm has a 50-day moving average of $78.77 and a 200-day moving average of $79.95. Albany International Corp. has a one year low of $67.39 and a one year high of $96.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.94. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37.

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

Albany International Announces Dividend

The company also recently announced 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 of this dividend is Friday, March 21st. This represents a $1.08 annualized dividend and a yield of 1.46%. Albany International’s dividend payout ratio (DPR) is currently 38.71%.

Albany International Company 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.