Capital International Investors Buys New Position in Alliance Laundry Holdings Inc. $ALH

Capital International Investors bought a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,987,638 shares of the company’s stock, valued at approximately $101,498,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALH. Vanguard Group Inc. bought a new position in Alliance Laundry in the 4th quarter valued at about $76,161,000. Norges Bank bought a new position in shares of Alliance Laundry during the 4th quarter valued at about $55,962,000. UBS Group AG bought a new position in shares of Alliance Laundry during the 4th quarter valued at about $19,411,000. Geode Capital Management LLC bought a new position in shares of Alliance Laundry during the 4th quarter valued at about $18,841,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Alliance Laundry during the 4th quarter valued at about $14,951,000.

Alliance Laundry Trading Up 2.8%

ALH stock opened at $25.76 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48. The stock has a market capitalization of $5.12 billion and a price-to-earnings ratio of 31.04. The firm’s 50-day moving average price is $24.25.

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ALH shares. Citigroup raised their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Robert W. Baird raised their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Morgan Stanley raised their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

Alliance Laundry Company 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.