Two Sigma Investments LP lifted its stake in Lydall, Inc. (NYSE:LDL) by 115.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the auto parts company’s stock after buying an additional 12,900 shares during the period. Two Sigma Investments LP owned approximately 0.14% of Lydall worth $156,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in LDL. Rhumbline Advisers increased its position in Lydall by 5.0% during the fourth quarter. Rhumbline Advisers now owns 59,197 shares of the auto parts company’s stock worth $1,215,000 after buying an additional 2,808 shares during the period. Swiss National Bank increased its stake in Lydall by 2.8% in the fourth quarter. Swiss National Bank now owns 33,600 shares of the auto parts company’s stock valued at $689,000 after purchasing an additional 900 shares during the period. State Street Corp raised its holdings in shares of Lydall by 2.1% in the fourth quarter. State Street Corp now owns 510,102 shares of the auto parts company’s stock valued at $10,467,000 after buying an additional 10,441 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lydall by 21.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 225,893 shares of the auto parts company’s stock worth $4,636,000 after buying an additional 39,293 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Lydall by 198.4% during the fourth quarter. Bank of Montreal Can now owns 216,083 shares of the auto parts company’s stock worth $4,434,000 after buying an additional 143,658 shares during the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.
NYSE LDL opened at $12.88 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.19 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $205.08 million, a P/E ratio of -1.71 and a beta of 2.88. Lydall, Inc. has a 52-week low of $4.79 and a 52-week high of $26.99. The firm has a 50-day moving average price of $12.62 and a 200 day moving average price of $14.53.
A number of research firms have weighed in on LDL. ValuEngine cut Lydall from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. TheStreet downgraded Lydall from a “c-” rating to a “d” rating in a report on Tuesday, March 10th. Finally, Sidoti lifted their price objective on shares of Lydall from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.
Lydall Company Profile
Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.
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