State Street Corp raised its position in shares of Albany International Corporation (NYSE:AIN) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 677,377 shares of the textile maker’s stock after buying an additional 50,367 shares during the period. State Street Corp owned approximately 2.11% of Albany International Corporation worth $31,195,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AIN. Bank of America Corp DE increased its position in shares of Albany International Corporation by 32.8% in the first quarter. Bank of America Corp DE now owns 161,676 shares of the textile maker’s stock worth $7,445,000 after buying an additional 39,953 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Albany International Corporation during the first quarter worth approximately $890,000. Schwab Charles Investment Management Inc. increased its position in shares of Albany International Corporation by 13.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 168,535 shares of the textile maker’s stock worth $7,762,000 after buying an additional 20,411 shares in the last quarter. BlackRock Inc. increased its position in shares of Albany International Corporation by 55,161.6% in the first quarter. BlackRock Inc. now owns 3,611,346 shares of the textile maker’s stock worth $166,302,000 after buying an additional 3,604,811 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Albany International Corporation during the first quarter worth approximately $1,240,000. Institutional investors own 88.94% of the company’s stock.

Albany International Corporation (AIN) traded up 1.99% during trading on Monday, reaching $51.35. The company’s stock had a trading volume of 194,159 shares. The company has a market capitalization of $1.65 billion, a P/E ratio of 40.43 and a beta of 1.72. Albany International Corporation has a 12-month low of $37.00 and a 12-month high of $55.15. The firm’s 50-day moving average price is $53.00 and its 200 day moving average price is $48.75.

Albany International Corporation (NYSE:AIN) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.36. The firm had revenue of $215.57 million for the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. On average, analysts predict that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.

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Separately, BidaskClub downgraded Albany International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.

In other news, insider Daniel A. Halftermeyer sold 17,300 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total value of $921,917.00. Following the completion of the transaction, the insider now directly owns 66,377 shares of the company’s stock, valued at approximately $3,537,230.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.63% of the company’s stock.

Albany International Corporation Company 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 Corporation (NYSE:AIN)

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