SCHEDULE: BlackRock Boosts Stake in Albany International to 14.4%
Beneficial Ownership Report
BlackRock, Inc. has disclosed an increased beneficial ownership of 14.4% in Albany International Corp.'s Class A Stock, holding 4,334,115 shares as of June 30, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 4,334,115 shares of Albany International Corp.'s Class A Stock.
- This represents 14.4% of the Class A Stock.
- BlackRock holds sole voting power over 4,266,003 shares and sole dispositive power over 4,334,115 shares.
- The filing is an Amendment No. 3 to a Schedule 13G.
- The event date requiring this filing is June 30, 2025.
- BlackRock, Inc. is classified as a parent holding company and control person.
- iShares Core S&P Small-Cap ETF, a subsidiary of BlackRock, holds more than 5% of the total outstanding common stock.
- BlackRock Investment Management, LLC also beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 7
Explanation: BlackRock, Inc., a prominent institutional investor, has disclosed a substantial 14.4% beneficial ownership in Albany International Corp., indicating continued confidence and a significant, albeit passive, investment in the company.
Positives
- BlackRock, Inc., a major institutional investor, maintains a significant beneficial ownership stake of 14.4% in Albany International Corp., indicating continued investment and confidence.
- The substantial sole voting power over 4,266,003 shares and sole dispositive power over 4,334,115 shares demonstrates BlackRock's significant influence over the shares.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.
Industry Context
This filing reflects BlackRock's ongoing strategy of passive investment in publicly traded companies, consistent with its role as a major asset manager. It indicates BlackRock's continued belief in Albany International Corp. as a suitable investment within its managed portfolios, including the iShares Core S&P Small-Cap ETF.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. issued a new Power of Attorney, effective January 21, 2025, authorizing specific individuals to execute and file documents related to ownership or control-person reporting requirements. This new Power of Attorney expressly revokes the previous one dated April 30, 2023. | 2025-01-21 | Streamlines BlackRock's internal compliance and reporting processes for SEC and other regulatory filings. |
Stakeholder Impact
- Shareholders: The continued significant investment by a major institutional holder like BlackRock may be viewed positively, potentially signaling stability and long-term value.
- Investors: Provides transparency regarding a large institutional holding, which can influence investment decisions.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by the new one. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-06-30 | Date of event which requires filing of this statement. |
| 2025-07-18 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
Albany International Corp, BlackRock, Schedule 13G, Beneficial Ownership, Class A Stock, Institutional Investor, SEC Filing, Shareholding, Investment Management
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