ETRADE Capital Management LLC Purchases 539 Shares of Albany International Corp. (NYSE:AIN)

ETRADE Capital Management LLC lifted its position in Albany International Corp. (NYSE:AIN) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,858 shares of the textile maker’s stock after buying an additional 539 shares during the quarter. ETRADE Capital Management LLC’s holdings in Albany International were worth $892,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Integrated Investment Consultants LLC grew its stake in shares of Albany International by 7.6% in the 4th quarter. Integrated Investment Consultants LLC now owns 2,833 shares of the textile maker’s stock valued at $215,000 after buying an additional 199 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Albany International by 7.5% in the 4th quarter. Advisor Group Inc. now owns 2,922 shares of the textile maker’s stock valued at $223,000 after buying an additional 203 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Albany International by 11.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,956 shares of the textile maker’s stock valued at $148,000 after buying an additional 204 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Albany International by 2.4% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 9,400 shares of the textile maker’s stock valued at $714,000 after buying an additional 220 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Albany International by 1.6% in the 1st quarter. Gilman Hill Asset Management LLC now owns 16,309 shares of the textile maker’s stock valued at $772,000 after buying an additional 250 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. Sidoti raised Albany International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $77.00 to $67.00 in a research report on Monday, March 16th. Zacks Investment Research raised Albany International from a “sell” rating to a “hold” rating in a research report on Monday, May 11th. TheStreet cut Albany International from a “b” rating to a “c+” rating in a research report on Tuesday, March 17th. Bank of America assumed coverage on Albany International in a research report on Wednesday, April 15th. They set a “buy” rating and a $65.00 target price for the company. Finally, Robert W. Baird raised Albany International from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Friday, March 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Albany International has a consensus rating of “Hold” and a consensus target price of $72.00.

Shares of AIN stock opened at $55.46 on Friday. Albany International Corp. has a 12 month low of $30.46 and a 12 month high of $92.04. The firm has a market cap of $1.79 billion, a PE ratio of 15.98 and a beta of 1.50. The stock has a 50 day moving average of $48.82 and a 200-day moving average of $66.61. The company has a quick ratio of 3.13, a current ratio of 3.76 and a debt-to-equity ratio of 0.73.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Wednesday, April 29th. The textile maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.17. Albany International had a return on equity of 19.36% and a net margin of 10.81%. The company had revenue of $235.76 million during the quarter, compared to analyst estimates of $224.25 million. As a group, equities analysts predict that Albany International Corp. will post 2.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. Albany International’s dividend payout ratio (DPR) is presently 18.49%.

About Albany International

Albany International Corp. engages in the textile and materials processing businesses. The company operates in 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, and dryer fabrics, as well as process belts.

Featured Article: When can a hold rating present a buying opportunity?

Want to see what other hedge funds are holding AIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albany International Corp. (NYSE:AIN).

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

Receive News & Ratings for Albany International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International and related companies with MarketBeat.com's FREE daily email newsletter.