Lydall, Inc. (LDL) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lessened its position in Lydall, Inc. (NYSE:LDL) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,863 shares of the auto parts company’s stock after selling 7,535 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Lydall were worth $4,863,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Pinebridge Investments L.P. lifted its position in shares of Lydall by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after acquiring an additional 22 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Lydall in the 3rd quarter worth approximately $165,000. Victory Capital Management Inc. lifted its position in Lydall by 13.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $184,000 after buying an additional 421 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Lydall in the 2nd quarter worth approximately $278,000. Finally, BNP Paribas Arbitrage SA lifted its position in Lydall by 49.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,483 shares of the auto parts company’s stock worth $283,000 after buying an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.

In other Lydall news, CAO James V. Laughlan sold 2,275 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the sale, the chief accounting officer now owns 13,127 shares in the company, valued at approximately $716,471.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William D. Gurley sold 3,252 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.15, for a total transaction of $179,347.80. Following the transaction, the director now owns 49,647 shares in the company, valued at approximately $2,738,032.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,701 shares of company stock valued at $1,959,897. Insiders own 5.02% of the company’s stock.

A number of research firms have issued reports on LDL. Zacks Investment Research upgraded shares of Lydall from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $62.50.

Shares of Lydall, Inc. (NYSE:LDL) opened at $50.55 on Wednesday. Lydall, Inc. has a 12-month low of $45.45 and a 12-month high of $63.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.67 and a quick ratio of 1.91. The stock has a market cap of $883.65, a P/E ratio of 21.79 and a beta of 1.64.

Lydall (NYSE:LDL) last released its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). Lydall had a return on equity of 15.22% and a net margin of 6.00%. The company had revenue of $180.00 million during the quarter, compared to analysts’ expectations of $172.21 million. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. equities analysts expect that Lydall, Inc. will post 2.76 earnings per share for the current year.

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Lydall Profile

Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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