Wells Fargo & Company MN lessened its holdings in shares of Albany International Corporation (NYSE:AIN) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,675 shares of the textile maker’s stock after selling 654 shares during the period. Wells Fargo & Company MN owned 0.35% of Albany International Corporation worth $5,962,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Albany International Corporation by 55,161.6% during the first quarter. BlackRock Inc. now owns 3,611,346 shares of the textile maker’s stock worth $166,302,000 after purchasing an additional 3,604,811 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Albany International Corporation by 5.6% during the first quarter. Vanguard Group Inc. now owns 2,569,064 shares of the textile maker’s stock worth $118,306,000 after purchasing an additional 135,361 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Albany International Corporation by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,082 shares of the textile maker’s stock worth $67,421,000 after purchasing an additional 52,876 shares during the period. Earnest Partners LLC lifted its holdings in shares of Albany International Corporation by 7.5% during the first quarter. Earnest Partners LLC now owns 1,131,352 shares of the textile maker’s stock worth $52,099,000 after purchasing an additional 78,485 shares during the period. Finally, State Street Corp lifted its holdings in shares of Albany International Corporation by 8.0% during the first quarter. State Street Corp now owns 677,377 shares of the textile maker’s stock worth $31,195,000 after purchasing an additional 50,367 shares during the period. Institutional investors own 90.96% of the company’s stock.

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

Albany International Corporation (NYSE AIN) opened at 57.00 on Wednesday. The stock’s 50 day moving average is $54.96 and its 200-day moving average is $51.10. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 44.88 and a beta of 1.70. Albany International Corporation has a one year low of $37.00 and a one year high of $58.88.

Albany International Corporation (NYSE:AIN) last released its earnings results on Tuesday, August 1st. The textile maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $215.57 million for the quarter. On average, equities research analysts expect that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Monday, September 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, September 8th. Albany International Corporation’s dividend payout ratio is currently 53.54%.

Separately, BidaskClub lowered shares of Albany International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

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.

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

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