3,522 Shares in Albany International Corp. (AIN) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in shares of Albany International Corp. (NYSE:AIN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,522 shares of the textile maker’s stock, valued at approximately $202,000.

A number of other large investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Albany International by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,376 shares of the textile maker’s stock valued at $1,194,000 after purchasing an additional 129 shares during the last quarter. Suntrust Banks Inc. grew its holdings in Albany International by 2.6% during the 2nd quarter. Suntrust Banks Inc. now owns 7,838 shares of the textile maker’s stock valued at $417,000 after purchasing an additional 196 shares during the last quarter. First Trust Advisors LP grew its stake in Albany International by 1.2% in the 2nd quarter. First Trust Advisors LP now owns 24,724 shares of the textile maker’s stock worth $1,320,000 after acquiring an additional 290 shares in the last quarter. Alliancebernstein L.P. grew its stake in Albany International by 0.7% in the 2nd quarter. Alliancebernstein L.P. now owns 40,355 shares of the textile maker’s stock worth $2,155,000 after acquiring an additional 300 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Albany International by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,353 shares of the textile maker’s stock worth $232,000 after acquiring an additional 651 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.

Albany International Corp. (AIN) opened at $62.00 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 1.76. The company has a market cap of $2,010.00, a PE ratio of 46.62 and a beta of 1.73. Albany International Corp. has a one year low of $43.45 and a one year high of $65.65.

Albany International (NYSE:AIN) last issued its earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. The business had revenue of $222.14 million for the quarter. Albany International had a net margin of 5.06% and a return on equity of 9.24%. During the same quarter in the prior year, the company earned $0.41 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Tuesday, December 26th were paid a $0.17 dividend. The ex-dividend date was Friday, December 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.10%. Albany International’s dividend payout ratio is currently 51.13%.

Separately, Noble Financial started coverage on shares of Albany International in a research note on Tuesday. They issued a “hold” rating on the stock.

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Albany International Profile

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Institutional Ownership by Quarter for Albany International (NYSE:AIN)

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