NWQ Investment Management Company LLC Has $81.47 Million Position in Albany International Corp. (AIN)

NWQ Investment Management Company LLC lowered its position in Albany International Corp. (NYSE:AIN) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,419,341 shares of the textile maker’s stock after selling 16,300 shares during the quarter. Albany International comprises about 1.0% of NWQ Investment Management Company LLC’s holdings, making the stock its 25th biggest holding. NWQ Investment Management Company LLC owned approximately 4.41% of Albany International worth $81,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AIN. Vanguard Group Inc. boosted its stake in Albany International by 0.4% during the second quarter. Vanguard Group Inc. now owns 2,580,292 shares of the textile maker’s stock worth $137,788,000 after buying an additional 11,228 shares during the period. Dimensional Fund Advisors LP boosted its stake in Albany International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,559,842 shares of the textile maker’s stock worth $89,535,000 after buying an additional 27,610 shares during the period. Earnest Partners LLC boosted its stake in Albany International by 1.1% during the second quarter. Earnest Partners LLC now owns 1,144,004 shares of the textile maker’s stock worth $61,090,000 after buying an additional 12,652 shares during the period. State Street Corp boosted its stake in Albany International by 4.8% during the second quarter. State Street Corp now owns 709,687 shares of the textile maker’s stock worth $37,896,000 after buying an additional 32,310 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Albany International by 164.4% during the third quarter. Principal Financial Group Inc. now owns 611,838 shares of the textile maker’s stock worth $35,119,000 after buying an additional 380,454 shares during the period. 90.53% of the stock is owned by hedge funds and other institutional investors.

Albany International Corp. (NYSE:AIN) opened at $63.35 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.76 and a current ratio of 2.49. The firm has a market cap of $2,075.29, a PE ratio of 41.58 and a beta of 1.72. Albany International Corp. has a 12 month low of $43.45 and a 12 month high of $65.65.

Albany International (NYSE:AIN) last announced its earnings results on Monday, October 30th. The textile maker reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. The company had revenue of $222.14 million during the quarter. Albany International had a net margin of 5.06% and a return on equity of 9.24%. During the same period last year, the business earned $0.41 EPS.

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About Albany International

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

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

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