Trexquant Investment LP purchased a new stake in Lydall, Inc. (NYSE:LDL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,254 shares of the auto parts company’s stock, valued at approximately $416,000.

A number of other institutional investors also recently made changes to their positions in the business. Pinebridge Investments L.P. increased its stake in Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 22 shares during the last quarter. Texas Permanent School Fund increased its stake in Lydall by 0.8% in the second quarter. Texas Permanent School Fund now owns 12,579 shares of the auto parts company’s stock valued at $650,000 after purchasing an additional 102 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Lydall by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 12,931 shares of the auto parts company’s stock valued at $669,000 after purchasing an additional 242 shares during the last quarter. Aperio Group LLC increased its stake in Lydall by 10.8% in the second quarter. Aperio Group LLC now owns 4,217 shares of the auto parts company’s stock valued at $218,000 after purchasing an additional 410 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Lydall by 13.4% in the second quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Shares of Lydall, Inc. (NYSE:LDL) traded down $1.50 on Monday, hitting $53.55. 70,500 shares of the stock were exchanged, compared to its average volume of 77,516. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $923.30, a price-to-earnings ratio of 20.06 and a beta of 1.63. Lydall, Inc. has a twelve month low of $45.45 and a twelve month high of $64.85.

Lydall (NYSE:LDL) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The business had revenue of $180.00 million for the quarter, compared to analysts’ expectations of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The business’s revenue was up 15.6% compared to the same quarter last year. analysts expect that Lydall, Inc. will post 2.76 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $62.50.

In other news, Director S Carl Soderstrom, Jr. sold 1,588 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $55.00, for a total transaction of $87,340.00. Following the transaction, the director now directly owns 20,121 shares in the company, valued at $1,106,655. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph A. Abbruzzi sold 2,795 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the transaction, the insider now owns 39,685 shares in the company, valued at $2,092,193.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,244 shares of company stock worth $1,927,901. Insiders own 5.02% of the company’s stock.

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About Lydall

Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.

Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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