Capital World Investors Takes Position in Alliance Laundry Holdings Inc. $ALH

Capital World Investors purchased a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,450,000 shares of the company’s stock, valued at approximately $29,508,000.

Other large investors have also modified their holdings of the company. Comerica Bank bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $50,000. Strs Ohio bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $157,000. Phoenix Financial Ltd. bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $221,000. M&T Bank Corp bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $380,000. Finally, TD Asset Management Inc bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $789,000.

Analyst Ratings Changes

Several research firms have recently commented on ALH. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley boosted their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird boosted their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Citigroup lifted their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Alliance Laundry Stock Up 1.7%

Shares of Alliance Laundry stock opened at $26.20 on Wednesday. The stock has a 50 day moving average price of $24.38. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $27.48. The stock has a market cap of $5.20 billion and a P/E ratio of 31.56.

Alliance Laundry (NYSE:ALH) last released its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. As a group, equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Alliance Laundry Profile

Alliance Laundry Systems (NYSE: ALH) is a manufacturer and distributor of commercial and residential laundry equipment and related services. The company designs, produces and sells a range of coin-operated and vended machines, on-premises washers and dryers, and allied equipment for laundromats, multi-housing, hospitality, healthcare and other institutional customers. Alliance’s product strategy emphasizes durable, high-throughput machines for professional laundry operators as well as appliances geared to self-service and multi-dwelling applications.

Its product portfolio includes coin-operated and card-operated washers and dryers, stacked and single-pocket models, industrial-grade on-premises equipment, and parts and accessories.