PNC Financial Services Group Inc. Has $71,000 Position in Lydall, Inc. (NYSE:LDL)

PNC Financial Services Group Inc. increased its stake in shares of Lydall, Inc. (NYSE:LDL) by 60.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,498 shares of the auto parts company’s stock after purchasing an additional 1,324 shares during the period. PNC Financial Services Group Inc.’s holdings in Lydall were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund purchased a new stake in Lydall during the 4th quarter valued at about $134,000. Ancora Advisors LLC purchased a new stake in Lydall during the 3rd quarter valued at about $215,000. Diversified Trust Co purchased a new stake in Lydall during the 3rd quarter valued at about $216,000. Unison Advisors LLC purchased a new stake in Lydall during the 4th quarter valued at about $225,000. Finally, Victory Capital Management Inc. boosted its holdings in Lydall by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 11,802 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 461 shares during the period. 93.02% of the stock is currently owned by institutional investors and hedge funds.

NYSE LDL traded down $0.17 on Friday, hitting $25.59. The company’s stock had a trading volume of 77,890 shares, compared to its average volume of 99,706. The stock has a market cap of $447.93 million, a P/E ratio of 10.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.92 and a current ratio of 2.61. Lydall, Inc. has a 52-week low of $18.47 and a 52-week high of $49.15.

Lydall (NYSE:LDL) last released its earnings results on Monday, February 25th. The auto parts company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.16. The company had revenue of $209.90 million during the quarter, compared to analysts’ expectations of $220.83 million. Lydall had a return on equity of 11.32% and a net margin of 4.45%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Sell-side analysts predict that Lydall, Inc. will post 1.87 earnings per share for the current year.

Several equities research analysts recently weighed in on LDL shares. Zacks Investment Research upgraded Lydall from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded Lydall from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Sidoti dropped their price objective on Lydall from $53.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.50.

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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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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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