Capital World Investors Invests $29.51 Million in Alliance Laundry Holdings Inc. $ALH

Capital World Investors bought a new position 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 firm bought 1,450,000 shares of the company’s stock, valued at approximately $29,508,000. Capital World Investors owned about 0.73% of Alliance Laundry at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALH. Comerica Bank bought a new stake in shares of Alliance Laundry in the 4th quarter worth about $50,000. Strs Ohio bought a new stake in shares of Alliance Laundry in the 4th quarter worth about $157,000. Phoenix Financial Ltd. bought a new stake in shares of Alliance Laundry in the 4th quarter worth about $221,000. M&T Bank Corp bought a new stake in shares of Alliance Laundry in the 4th quarter worth about $380,000. Finally, TD Asset Management Inc bought a new stake in shares of Alliance Laundry in the 4th quarter worth about $789,000.

Alliance Laundry Price Performance

Shares of ALH opened at $26.20 on Wednesday. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $27.48. The firm’s 50-day moving average is $24.38. The company has a market cap of $5.20 billion and a price-to-earnings ratio of 31.56. 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 (NYSE:ALH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. During the same period last year, the firm earned $0.20 EPS. Alliance Laundry’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALH has been the subject of several analyst reports. Citigroup raised their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Morgan Stanley lifted their price objective 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. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Robert W. Baird lifted their price objective 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. One 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 company. According to data from MarketBeat, Alliance Laundry presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.