Daiwa Securities Group Inc. Takes $1.65 Million Position in Alliance Laundry Holdings Inc. $ALH

Daiwa Securities Group Inc. bought a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 80,832 shares of the company’s stock, valued at approximately $1,645,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Alliance Laundry in the 4th quarter valued at about $76,161,000. Norges Bank acquired a new position in Alliance Laundry during the 4th quarter valued at about $55,962,000. UBS Group AG acquired a new position in Alliance Laundry during the 4th quarter valued at about $19,411,000. Geode Capital Management LLC acquired a new position in Alliance Laundry during the 4th quarter valued at about $18,841,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Alliance Laundry during the 4th quarter valued at about $14,951,000.

Alliance Laundry Stock Down 3.9%

Alliance Laundry stock opened at $25.13 on Thursday. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $27.48. The business’s 50 day moving average price is $24.49. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. The company has a market cap of $4.99 billion and a PE ratio of 30.28.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Robert W. Baird lifted their price target on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Citigroup lifted their price target on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.