Trading Report: The Mason Street Advisors LLC Invests $225,000 in Albany International Corp. (AIN)

The Mason Street Advisors LLC Invests $225,000 in Albany International Corp. (AIN)

Mason Street Advisors LLC acquired a new position in shares of Albany International Corp. (NYSE:AIN) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,630 shares of the company’s stock, valued at approximately $225,000.

Other large investors have also made changes to their positions in the company. Aristotle Capital Boston LLC increased its stake in shares of Albany International Corp. by 2.8% in the second quarter. Aristotle Capital Boston LLC now owns 78,881 shares of the company’s stock worth $3,150,000 after buying an additional 2,183 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its stake in shares of Albany International Corp. by 4.6% in the second quarter. BW Gestao de Investimentos Ltda. now owns 21,955 shares of the company’s stock worth $877,000 after buying an additional 975 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Albany International Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 132,075 shares of the company’s stock worth $5,274,000 after buying an additional 2,097 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Albany International Corp. by 1.4% in the second quarter. Arizona State Retirement System now owns 14,914 shares of the company’s stock worth $596,000 after buying an additional 200 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Albany International Corp. by 15.4% in the second quarter. AQR Capital Management LLC now owns 15,350 shares of the company’s stock worth $613,000 after buying an additional 2,043 shares in the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.

Shares of Albany International Corp. (NYSE:AIN) opened at 40.94 on Wednesday. The company’s 50 day moving average is $42.09 and its 200-day moving average is $40.72. The company has a market cap of $1.31 billion, a P/E ratio of 18.46 and a beta of 1.86. Albany International Corp. has a 12 month low of $30.30 and a 12 month high of $44.09.

Albany International Corp. (NYSE:AIN) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Albany International Corp. had a net margin of 9.72% and a return on equity of 12.96%. The business earned $203.20 million during the quarter, compared to analysts’ expectations of $196.47 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. Analysts expect that Albany International Corp. will post $1.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Tuesday, September 20th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.68 annualized dividend and a yield of 1.66%. Albany International Corp.’s dividend payout ratio is 30.77%.

In other Albany International Corp. news, insider Robert Alan Hansen sold 4,122 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $42.89, for a total transaction of $176,792.58. Following the completion of the transaction, the insider now owns 8,063 shares of the company’s stock, valued at $345,822.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.38% of the company’s stock.

Albany International Corp. Company Profile

Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Related posts

Leave a Comment