Deutsche Bank AG Has $4.61 Million Position in Albany International Corporation $AIN

Deutsche Bank AG reduced its holdings in Albany International Corporation (NYSE:AIN - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,813 shares of the textile maker's stock after selling 13,554 shares during the quarter. Deutsche Bank AG owned about 0.22% of Albany International worth $4,613,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers grew its position in shares of Albany International by 3.7% in the fourth quarter. Cetera Investment Advisers now owns 3,730 shares of the textile maker's stock valued at $298,000 after purchasing an additional 133 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Albany International by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker's stock valued at $261,000 after buying an additional 207 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Albany International by 11.5% in the first quarter. Park Avenue Securities LLC now owns 3,320 shares of the textile maker's stock valued at $229,000 after buying an additional 342 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Albany International by 3.0% in the first quarter. DAVENPORT & Co LLC now owns 12,464 shares of the textile maker's stock valued at $860,000 after buying an additional 360 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Albany International by 1.2% in the fourth quarter. Stifel Financial Corp now owns 32,668 shares of the textile maker's stock valued at $2,612,000 after buying an additional 381 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AIN shares. Truist Financial reiterated a "hold" rating and issued a $55.00 target price (down previously from $70.00) on shares of Albany International in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Albany International from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Baird R W cut shares of Albany International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Bank of America reduced their target price on shares of Albany International from $75.00 to $65.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Albany International from $65.00 to $77.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $71.40.

Albany International Price Performance

AIN traded up $2.9150 during midday trading on Friday, reaching $65.2850. 47,736 shares of the company's stock were exchanged, compared to its average volume of 265,468. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The company has a quick ratio of 2.78, a current ratio of 3.51 and a debt-to-equity ratio of 0.50. Albany International Corporation has a one year low of $50.60 and a one year high of $94.20. The business has a 50-day simple moving average of $67.17 and a two-hundred day simple moving average of $69.12.

Albany International (NYSE:AIN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.16). The firm had revenue of $311.40 million for the quarter, compared to analyst estimates of $306.06 million. Albany International had a return on equity of 8.87% and a net margin of 5.25%.The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Albany International has set its FY 2025 guidance at 3.000-3.400 EPS. As a group, research analysts predict that Albany International Corporation will post 3.23 EPS for the current year.

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.