First Republic Investment Management Inc. Has $2.41 Million Holdings in Albany International Corp. (NYSE:AIN)

First Republic Investment Management Inc. increased its interest in shares of Albany International Corp. (NYSE:AIN – Get Rating ) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,537 shares of the textile maker’s stock after purchasing an additional 1,265 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.10% of Albany International worth $2,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AIN. Park Avenue Securities LLC grew its holdings in Albany International by 4.4% during the 3rd quarter. Park Avenue Securities LLC now owns 2,654 shares of the textile maker’s stock valued at $209,000 after acquiring an additional 113 shares during the period. Captrust Financial Advisors boosted its holdings in Albany International by 9.6% in the second quarter. Captrust Financial Advisors now owns 1,512 shares of the textile maker’s stock valued at $119,000 after buying an additional 132 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in Albany International by 6.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 3,438 shares of the textile maker’s stock valued at $271,000 after buying an additional 216 shares during the period. Guggenheim Capital LLC boosted its holdings in Albany International by 3.9% during the first quarter. Guggenheim Capital LLC now owns 6,716 shares of the textile maker’s stock valued at $567,000 after buying an additional 249 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Albany International by 12.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,462 shares of the textile maker’s stock valued at $194,000 after buying an additional 270 shares during the period. 99.94% of the shares are owned by institutional investors.

Wall Street analyst weighs in

Several research firms recently weighed in on AIN. StockNews.com raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Robert W. Baird boosted their price objective on shares of Albany International from $95.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. Finally, Truist Financial boosted their target price on Albany International from $80.00 to $85.00 in a report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.50.

Albany International stock rose 0.4%

Albany International stock opened at $108.34 on Tuesday. The company has a 50-day moving average of $102.62 and a 200-day moving average of $93.68. The company has a quick ratio of 3.56, a current ratio of 4.27 and a debt-to-equity ratio of 0.54. Albany International Corp. has a twelve month low of $75.24 and a twelve month high of $109.99. The stock has a market cap of $3.37 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28.

Albany International increases dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Tuesday, December 27th were paid a $0.25 dividend. This is an increase from Albany International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, December 23rd. This represents an annual dividend of $1.00 and a dividend yield of 0.92%. Albany International’s dividend payout ratio (DPR) is currently 29.94%.

Albany International Profile (Get Rating)

Albany International Corp is engaged in textile and material processing. It operates through the following segments: Machine Apparel and Albany Engineered Composites. The Machine Apparels segment provides materials used in the manufacturing process in the pulp, zinc, nonwoven, fiber cement, building products, and tanning and textile industries.