Trexquant Investment LP Takes $832,000 Position in Albany International Corp. (NYSE:AIN)
Trexquant Investment LP bought a new stake in Albany International Corp. (NYSE:AIN – Get Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,561 shares of the textile maker’s stock, valued at approximately $832,000.
Several other institutional investors also recently modified their holdings of AIN. Westwood Holdings Group Inc. grew its holdings in shares of Albany International by 251.6% in the first quarter. Westwood Holdings Group Inc. now owns 578,389 shares of the textile maker’s stock valued at $48,769,000 after acquiring an additional 413,882 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Albany International by 5.5% in the first quarter. Bank of America Corp DE now owns 1,421,862 shares of the textile maker’s stock valued at $119,893,000 after acquiring an additional 73,601 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Albany International during the second quarter valued at $4,988,000. BlackRock Inc. grew its holdings in Albany International by 1.1% during the first quarter. BlackRock Inc. now owns 4,948,017 shares of the textile maker’s stock valued at $417,218,000 after purchasing an additional 51,597 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in Albany International by 6.4% during the second quarter. Loomis Sayles & Co. L P now owns 760,320 shares of the textile maker’s stock valued at $59,906,000 after purchasing an additional 45,940 shares during the period. 98.94% of the stock is owned by institutional investors.
Albany International Price Performance
NYSE AIN opened at $101.99 on Thursday. The business’s fifty day moving average price is $89.35 and its 200-day moving average price is $86.31. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 3.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.27 and a quick ratio of 3.56. Albany International Corp. has a 1-year low of $75.24 and a 1-year high of $105.30.
Wall Street Analysts Forecast Growth
AIN has been the topic of several recent research reports. Alembic Global Advisors downgraded Albany International from an “overweight” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Tuesday, August 16th. StockNews.com raised Albany International from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Robert W. Baird raised their price objective on Albany International from $95.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, October 26th. Finally, Truist Financial downgraded Albany International from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Wednesday, October 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $95.25.
Albany International Profile
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels.
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