Comerica Bank lowered its stake in shares of Lydall, Inc. (NYSE:LDL) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,353 shares of the auto parts company’s stock after selling 32,492 shares during the period. Comerica Bank owned approximately 0.65% of Lydall worth $5,590,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of LDL. Chartwell Investment Partners LLC raised its stake in Lydall by 99.0% during the third quarter. Chartwell Investment Partners LLC now owns 208,868 shares of the auto parts company’s stock worth $11,968,000 after purchasing an additional 103,887 shares during the period. Investment Counselors of Maryland LLC increased its position in shares of Lydall by 8.1% in the third quarter. Investment Counselors of Maryland LLC now owns 402,241 shares of the auto parts company’s stock worth $23,048,000 after acquiring an additional 30,260 shares in the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of Lydall in the third quarter worth $1,356,000. Stifel Financial Corp increased its position in shares of Lydall by 6.7% in the third quarter. Stifel Financial Corp now owns 275,783 shares of the auto parts company’s stock worth $15,781,000 after acquiring an additional 17,254 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Lydall by 17.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 100,029 shares of the auto parts company’s stock worth $5,077,000 after acquiring an additional 15,166 shares in the last quarter. 90.27% of the stock is currently owned by institutional investors.
In related news, SVP Chad A. Mcdaniel sold 10,912 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $55.68, for a total transaction of $607,580.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dale G. Barnhart sold 12,685 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were 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. Insiders sold 34,113 shares of company stock valued at $1,872,557 in the last three months. Company insiders own 5.02% of the company’s stock.
Shares of Lydall, Inc. (NYSE LDL) opened at $44.15 on Monday. Lydall, Inc. has a 52-week low of $42.51 and a 52-week high of $61.00. The stock has a market cap of $761.23, a price-to-earnings ratio of 19.03 and a beta of 1.50. The company has a quick ratio of 1.91, a current ratio of 2.67 and a debt-to-equity ratio of 0.28.
Several equities research analysts have recently issued reports on LDL shares. Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. ValuEngine lowered shares of Lydall from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $62.50.
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Lydall Company 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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