SEC Form SC 13G/A filed by Albany International Corporation (Amendment)

2/12/24 9:37:21 PM ET

Textiles

Consumer Discretionary

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SC 13G/A 1 ain13g3rd1223.txt ALBANY INTERNATIONAL CORP. - 12/31/2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._3_) ALBANY INTERNATIONAL CORP. ------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 012348108 ------------------------------ (CUSIP Number) 12/31/2023 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP NO. 012348108 --------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). EARNEST Partners, LLC ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,025,517 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 2,533,638 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,533,638 ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[ ] ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.1% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer ALBANY INTERNATIONAL CORP. (b) Address of Issuer's Principal Executive Offices 216 Airport Drive, Rochester, New Hampshire 03867 Item 2 (a) Name of Person Filing EARNEST Partners, LLC (b) Address of Principal Business Office or, if none, Residence 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309 (c) Citizenship Delaware (d) Title of Class of Securities Class A Common Stock (e) CUSIP Number 012348108 Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,533,638 (b) Percent of class: 8.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 2,025,517 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,533,638 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, 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. (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2024 ---------------------------------- Date /s/ James M. Wilson ---------------------------------- Signature James M. Wilson Chief Compliance Officer ---------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) ACN/Form 13G (C) 2006: Advisor Consultant Network, Inc.

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SEC Form SC 13G/A filed by Albany International Corporation (Amendment)

2/12/24 9:37:21 PM ET

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Textiles

Consumer Discretionary

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Recent Analyst Ratings for

$AIN

Date	Price Target	Rating	Analyst
8/1/2025	$55.00	Buy → Hold	Truist
7/31/2025	$79.00	Outperform → Neutral	Robert W. Baird
3/28/2024	$105.00 → $95.00	Neutral → Underperform	BofA Securities
9/18/2023	$100.00 → $106.00	Market Perform → Outperform	TD Cowen
7/14/2023	$101.00 → $120.00	Neutral → Outperform	Robert W. Baird
4/27/2023	$90.00 → $105.00	Hold → Buy	Truist
10/12/2022	$80.00	Buy → Hold	Truist
2/22/2022	$105.00 → $90.00	Buy → Neutral	BofA Securities

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SEC Form SC 13G/A filed by Albany International Corporation (Amendment)

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Analyst Ratings

Albany Intl downgraded by Truist with a new price target

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SEC Filings

SEC Form S-8 filed by Albany International Corporation

SEC Form 10-K filed by Albany International Corporation

Albany International Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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Insider Purchases

President and CEO Kleveland Gunnar bought $96,701 worth of shares (2,300 units at $42.04), increasing direct ownership by 13% to 19,895 units (SEC Form 4)

President and CEO Kleveland Gunnar bought $104,557 worth of shares (1,750 units at $59.75), increasing direct ownership by 11% to 17,595 units (SEC Form 4)

VP-General Counsel & Secretary Gaug Joseph M bought $71,240 worth of shares (1,000 units at $71.24), increasing direct ownership by 17% to 6,811 units (SEC Form 4)

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Press Releases

Albany Engineered Composites Highlights Production-Ready Composite Manufacturing at JEC World 2026

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Albany Engineered Composites President Chris Stone to Join Executive Panel on Industrializing Next-Generation Aerospace Composites

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Insider Trading

President MC Stein Merle A converted options into 3,741 shares, returned $105,730 worth of shares to the company (1,834 units at $57.65) and covered exercise/tax liability with 656 shares, increasing direct ownership by 246% to 1,759 units (SEC Form 4)

Senior Vice President & CTO Hansen Robert Alan returned $161,420 worth of shares to the company (2,800 units at $57.65), covered exercise/tax liability with 128 shares and converted options into 3,177 shares (SEC Form 4)

VP-General Counsel & Secretary Gaug Joseph M converted options into 2,689 shares, was granted 2,155 shares and covered exercise/tax liability with 1,849 shares, increasing direct ownership by 31% to 12,640 units (SEC Form 4)

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Leadership Updates

Albany Engineered Composites President Chris Stone to Join Executive Panel on Industrializing Next-Generation Aerospace Composites

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Large Ownership Changes