Lazard Asset Management LLC Invests $77,000 in Albany International Corp. (NYSE:AIN)

Lazard Asset Management LLC bought a new position in Albany International Corp. (NYSE:AINGet Rating) in the 2nd quarter, Holdings Channel.com reports. The firm bought 987 shares of the textile maker’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in Albany International by 2.6% in the second quarter. Asset Management One Co. Ltd. now owns 63,857 shares of the textile maker’s stock valued at $5,031,000 after purchasing an additional 1,619 shares during the last quarter. Charter Oak Capital Management LLC purchased a new position in Albany International in the second quarter valued at about $44,000. Mutual of America Capital Management LLC boosted its holdings in Albany International by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 4,666 shares of the textile maker’s stock valued at $393,000 after purchasing an additional 242 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in 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 purchasing an additional 413,882 shares during the last quarter. Finally, Duality Advisers LP purchased a new position in Albany International in the first quarter valued at about $352,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Albany International Trading Down 0.3 %

Shares of NYSE AIN opened at $101.99 on Thursday. The company has a quick ratio of 3.56, a current ratio of 4.27 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $89.35 and its two-hundred day moving average price is $86.31. The stock has a market capitalization of $3.17 billion, a P/E ratio of 30.54, a PEG ratio of 3.42 and a beta of 1.29. Albany International Corp. has a 52-week low of $75.24 and a 52-week high of $105.30.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Alembic Global Advisors downgraded Albany International from an “overweight” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Tuesday, August 16th. Truist Financial cut Albany International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Wednesday, October 12th. Robert W. Baird upped 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, StockNews.com upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.25.

Albany International Company Profile

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

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