Public Sector Pension investment Board lessened its holdings in Albany International Corporation (NYSE:AIN) by 27.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,869 shares of the textile maker’s stock after selling 5,700 shares during the period. Public Sector Pension investment Board’s holdings in Albany International Corporation were worth $794,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its position in shares of Albany International Corporation by 0.7% in the first quarter. Arizona State Retirement System now owns 15,014 shares of the textile maker’s stock worth $691,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its position in shares of Albany International Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,100 shares of the textile maker’s stock worth $1,127,000 after buying an additional 176 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Albany International Corporation by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,515 shares of the textile maker’s stock worth $1,042,000 after buying an additional 183 shares during the period. First Trust Advisors LP boosted its position in shares of Albany International Corporation by 1.2% in the second quarter. First Trust Advisors LP now owns 24,724 shares of the textile maker’s stock worth $1,320,000 after buying an additional 290 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Albany International Corporation by 0.7% in the second quarter. Alliancebernstein L.P. now owns 40,355 shares of the textile maker’s stock worth $2,155,000 after buying an additional 300 shares during the period. 90.96% of the stock is owned by institutional investors and hedge funds.

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

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

Shares of Albany International Corporation (NYSE AIN) opened at 58.35 on Thursday. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $58.88. The firm has a market cap of $1.87 billion, a PE ratio of 45.94 and a beta of 1.70. The stock has a 50 day moving average price of $54.22 and a 200 day moving average price of $50.70.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, September 8th. Albany International Corporation’s dividend payout ratio is currently 53.54%.

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About Albany International Corporation

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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