AQR Capital Management LLC Has $257,000 Stock Position in Albany International Corp. (NYSE:AIN)

AQR Capital Management LLC increased its holdings in Albany International Corp. (NYSE:AIN) by 22.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,038 shares of the textile maker’s stock after acquiring an additional 549 shares during the period. AQR Capital Management LLC’s holdings in Albany International were worth $257,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hilltop National Bank lifted its holdings in shares of Albany International by 14.7% in the second quarter. Hilltop National Bank now owns 1,045 shares of the textile maker’s stock valued at $88,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Albany International by 27.4% in the second quarter. GAMMA Investing LLC now owns 674 shares of the textile maker’s stock valued at $57,000 after purchasing an additional 145 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Albany International by 2.0% during the second quarter. Arizona State Retirement System now owns 8,744 shares of the textile maker’s stock valued at $738,000 after purchasing an additional 175 shares in the last quarter. Dakota Wealth Management grew its position in Albany International by 1.5% in the 2nd quarter. Dakota Wealth Management now owns 13,211 shares of the textile maker’s stock worth $1,116,000 after purchasing an additional 195 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Albany International by 1.5% in the 1st quarter. Bessemer Group Inc. now owns 13,881 shares of the textile maker’s stock valued at $1,298,000 after buying an additional 200 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AIN. Truist Financial reduced their target price on Albany International from $101.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. TD Cowen cut their price target on shares of Albany International from $95.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Finally, StockNews.com raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.50.

Albany International Trading Up 0.2 %

Shares of Albany International stock opened at $75.39 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.39 and a beta of 1.25. Albany International Corp. has a 52-week low of $69.19 and a 52-week high of $99.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.87 and a current ratio of 3.59. The stock’s 50-day simple moving average is $85.08 and its 200 day simple moving average is $86.58.

Albany International (NYSE:AIN) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $331.99 million during the quarter, compared to the consensus estimate of $318.17 million. Albany International had a return on equity of 13.13% and a net margin of 8.76%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. As a group, research analysts anticipate that Albany International Corp. will post 3.11 EPS for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, September 3rd. Albany International’s payout ratio is presently 29.21%.

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.