9,617 Shares in Albany International Corp. (AIN) Purchased by Citadel Advisors LLC
Citadel Advisors LLC bought a new position in shares of Albany International Corp. (NYSE:AIN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,617 shares of the textile maker’s stock, valued at approximately $552,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Albany International by 0.4% in the second quarter. Vanguard Group Inc. now owns 2,580,292 shares of the textile maker’s stock valued at $137,788,000 after purchasing an additional 11,228 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Albany International by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,532,232 shares of the textile maker’s stock valued at $81,820,000 after purchasing an additional 68,150 shares in the last quarter. Earnest Partners LLC raised its stake in Albany International by 1.1% in the second quarter. Earnest Partners LLC now owns 1,144,004 shares of the textile maker’s stock valued at $61,090,000 after purchasing an additional 12,652 shares in the last quarter. State Street Corp raised its stake in Albany International by 4.8% in the second quarter. State Street Corp now owns 709,687 shares of the textile maker’s stock valued at $37,896,000 after purchasing an additional 32,310 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Albany International by 164.4% in the third quarter. Principal Financial Group Inc. now owns 611,838 shares of the textile maker’s stock valued at $35,119,000 after purchasing an additional 380,454 shares in the last quarter. 90.68% of the stock is owned by institutional investors.
Albany International Corp. (AIN) opened at $61.55 on Tuesday. The company has a market capitalization of $2,031.82, a PE ratio of 40.71 and a beta of 1.72. Albany International Corp. has a 52 week low of $43.45 and a 52 week high of $65.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 1.76.
Albany International (NYSE:AIN) last posted its quarterly earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.15. The business had revenue of $222.14 million during the quarter. Albany International had a return on equity of 9.24% and a net margin of 5.06%. During the same period last year, the firm earned $0.41 EPS.
WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/9617-shares-in-albany-international-corp-ain-purchased-by-citadel-advisors-llc/1759160.html.
About Albany International
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.
Receive News & Ratings for Albany International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.