Dimensional Fund Advisors LP reduced its stake in shares of Albany International Corp. (NYSE:AIN) by 6.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,404,870 shares of the textile maker’s stock after selling 103,112 shares during the period. Dimensional Fund Advisors LP owned approximately 4.36% of Albany International worth $111,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in Albany International in the 3rd quarter worth $258,000. Bank of Montreal Can raised its position in Albany International by 40.2% in the 3rd quarter. Bank of Montreal Can now owns 3,422 shares of the textile maker’s stock worth $273,000 after purchasing an additional 982 shares during the period. FDx Advisors Inc. raised its position in Albany International by 20.6% in the 2nd quarter. FDx Advisors Inc. now owns 4,466 shares of the textile maker’s stock worth $269,000 after purchasing an additional 764 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Albany International by 32.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,065 shares of the textile maker’s stock worth $305,000 after purchasing an additional 1,247 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Albany International in the 2nd quarter worth $369,000. 87.08% of the stock is owned by institutional investors.

A number of brokerages recently commented on AIN. Noble Financial reiterated a “hold” rating on shares of Albany International in a research report on Sunday. ValuEngine cut shares of Albany International from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of Albany International from a “hold” rating to a “strong-buy” rating and set a $87.00 target price on the stock in a research report on Monday, August 13th. Finally, Stephens reiterated a “hold” rating on shares of Albany International in a research report on Thursday, August 16th.

AIN stock opened at $68.06 on Monday. Albany International Corp. has a 12-month low of $57.95 and a 12-month high of $82.20. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 42.27 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.41 and a current ratio of 2.90.

Albany International (NYSE:AIN) last released its quarterly earnings data on Tuesday, October 30th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.15. Albany International had a net margin of 7.51% and a return on equity of 14.33%. The firm had revenue of $253.25 million for the quarter, compared to analysts’ expectations of $248.50 million.

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About Albany International

Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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

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