Stock Worth Mentioning Today: Will Albany International Corp. Run Out of Steam Soon?

Stock Worth Mentioning Today: Will Albany International Corp. Run Out of Steam Soon?

The stock of Albany International Corp. (NYSE:AIN) reached all time high today, Nov, 30 and still has $48.98 target or 5.00% above today’s $46.65 share price. This indicates more upside for the $1.50B company. This technical setup was reported by Barchart.com. If the $48.98 PT is reached, the company will be worth $75.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 24,775 shares traded hands. Albany International Corp. (NYSE:AIN) has risen 12.70% since April 27, 2016 and is uptrending. It has outperformed by 7.47% the S&P500.

Analysts await Albany International Corp. (NYSE:AIN) to report earnings on February, 13.

According to Zacks Investment Research, “ALBANY INTERNATIONAL CORP. designs, manufactures and markets paper machine clothing for each section of the paper machine. It is the largest producer of paper machine clothing in the world. Paper machine clothing consists of large continuous belts of custom designed and custom manufactured, engineered fabrics that are installed on paper machines and carry the paper stock through each stage of the paper production process. Paper machine clothing is a consumable product of technologically sophisticated design that is made with synthetic monofilament and fiber materials.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.42, from 0.98 in 2016Q1. The ratio is positive, as 18 funds sold all Albany International Corp. shares owned while 44 reduced positions. 11 funds bought stakes while 50 increased positions. They now own 26.64 million shares or 2.78% less from 27.40 million shares in 2016Q1.
Deere And has 0.02% invested in the company for 11,152 shares. Timessquare Ltd holds 0.54% of its portfolio in Albany International Corp. (NYSE:AIN) for 2.04M shares. Cortina Asset Mgmt owns 165,723 shares or 0.3% of their US portfolio. Envestnet Asset holds 0% of its portfolio in Albany International Corp. (NYSE:AIN) for 2,946 shares. Ny State Common Retirement Fund holds 299,335 shares or 0.02% of its portfolio. Loomis Sayles & L P accumulated 323,377 shares or 0.04% of the stock. Td Asset last reported 14,700 shares in the company. Sector Pension Investment Board owns 19,869 shares or 0.01% of their US portfolio. Granahan Investment Management Inc Ma holds 684,500 shares or 1% of its portfolio. Ls Advsrs Ltd Llc holds 1,065 shares or 0% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky accumulated 0.01% or 10,600 shares. Nwq Inv Mgmt Ltd has 0.54% invested in the company for 780,868 shares. Glenmede Tru Na accumulated 0% or 41 shares. Thrivent Fincl For Lutherans has invested 0% of its portfolio in Albany International Corp. (NYSE:AIN). State Bank Of Montreal Can reported 2,120 shares or 0% of all its holdings.

Insider Transactions: Since August 30, 2016, the stock had 0 insider purchases, and 1 sale for $176,793 net activity. $176,793 worth of Albany International Corp. (NYSE:AIN) was sold by Hansen Robert Alan.

More news for Albany International Corp. (NYSE:AIN) were recently published by: Marketwatch.com, which released: “Albany International Corp. Cl A” on October 25, 2010. Bizjournals.com‘s article titled: “Harris Corp. selling its aerostructures business to Albany International for $210M” and published on February 29, 2016 is yet another important article.

AIN Company Profile

Albany International Corp., incorporated on July 24, 1987, is a textiles and materials processing company. The Firm operates through two divisions: Machine Clothing (MC) and Albany Engineered Composites (AEC). The Firm operates approximately 20 plants in over 10 countries. The Company’s manufacturing facilities are located in Brazil, Canada, China, France, Italy, Mexico, South Korea, Sweden, the United Kingdom and the United States.

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