Citadel Advisors LLC Has $668,000 Position in Lydall, Inc. (LDL)

Citadel Advisors LLC reduced its position in shares of Lydall, Inc. (NYSE:LDL) by 17.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,658 shares of the auto parts company’s stock after selling 2,529 shares during the period. Citadel Advisors LLC owned about 0.07% of Lydall worth $668,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Trexquant Investment LP bought a new position in Lydall during the 3rd quarter valued at about $416,000. ETRADE Capital Management LLC lifted its holdings in Lydall by 72.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 23,809 shares of the auto parts company’s stock valued at $1,364,000 after purchasing an additional 10,031 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Lydall by 99.0% during the 3rd quarter. Chartwell Investment Partners LLC now owns 208,868 shares of the auto parts company’s stock valued at $11,968,000 after purchasing an additional 103,887 shares during the last quarter. SG Americas Securities LLC bought a new position in Lydall during the 3rd quarter valued at about $165,000. Finally, Comerica Bank lifted its holdings in Lydall by 9.4% during the 3rd quarter. Comerica Bank now owns 144,845 shares of the auto parts company’s stock valued at $8,365,000 after purchasing an additional 12,437 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the completion of the transaction, the insider now directly owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dale G. Barnhart sold 12,685 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $53.90, for a total transaction of $683,721.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,496 shares of company stock valued at $2,107,249. Insiders own 5.02% of the company’s stock.

Shares of Lydall, Inc. (NYSE LDL) traded down $0.70 during midday trading on Monday, hitting $51.85. 32,800 shares of the company’s stock were exchanged, compared to its average volume of 76,825. Lydall, Inc. has a one year low of $45.45 and a one year high of $64.85. The company has a market capitalization of $893.99, a P/E ratio of 19.42 and a beta of 1.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.91 and a current ratio of 2.67.

Lydall (NYSE:LDL) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $172.21 million. The firm’s revenue was up 15.6% compared to the same quarter last year. research analysts expect that Lydall, Inc. will post 2.76 earnings per share for the current year.

LDL has been the subject of a number of research analyst reports. Sidoti raised shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of Lydall from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.

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About Lydall

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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