Assenagon Asset Management S.A. Has $2.10 Million Holdings in Albany International Corp. (NYSE:AIN)

Assenagon Asset Management S.A. decreased its position in Albany International Corp. (NYSE:AIN - Free Report) by 79.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,331 shares of the textile maker's stock after selling 83,270 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Albany International worth $2,095,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AIN. Morgan Stanley grew its position in Albany International by 74.2% in the third quarter. Morgan Stanley now owns 890,785 shares of the textile maker's stock valued at $76,857,000 after acquiring an additional 379,367 shares in the last quarter. Norges Bank acquired a new stake in shares of Albany International during the fourth quarter worth approximately $32,911,000. Citadel Advisors LLC grew its position in shares of Albany International by 189.5% during the second quarter. Citadel Advisors LLC now owns 206,945 shares of the textile maker's stock worth $19,304,000 after buying an additional 135,472 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Albany International during the fourth quarter worth approximately $12,803,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Albany International by 81.2% during the third quarter. Envestnet Asset Management Inc. now owns 284,006 shares of the textile maker's stock worth $24,504,000 after buying an additional 127,295 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Albany International Stock Performance

Albany International stock traded down $0.01 during mid-day trading on Thursday, reaching $89.17. The company's stock had a trading volume of 227,639 shares, compared to its average volume of 129,407. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.30 and a beta of 1.25. The business has a 50 day moving average price of $92.10 and a 200-day moving average price of $89.42. The company has a current ratio of 3.53, a quick ratio of 2.85 and a debt-to-equity ratio of 0.47. Albany International Corp. has a twelve month low of $78.20 and a twelve month high of $99.41.

Albany International (NYSE:AIN - Get Free Report) last posted its earnings results on Tuesday, February 27th. The textile maker reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.38. The company had revenue of $323.60 million for the quarter, compared to analysts' expectations of $298.17 million. Albany International had a return on equity of 13.70% and a net margin of 9.68%. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Sell-side analysts predict that Albany International Corp. will post 3.9 EPS for the current fiscal year.

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, March 14th. Albany International's payout ratio is 29.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TheStreet raised shares of Albany International from a "c+" rating to a "b-" rating in a research report on Tuesday, December 12th. Bank of America reissued an "underperform" rating and set a $95.00 price target (down previously from $105.00) on shares of Albany International in a research report on Thursday, March 28th. StockNews.com raised shares of Albany International from a "hold" rating to a "buy" rating in a report on Tuesday, December 19th. Finally, Truist Financial lifted their price objective on shares of Albany International from $105.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.50.

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.