Healthcare of Ontario Pension Plan Trust Fund Purchases New Shares in Alliance Laundry Holdings Inc. $ALH

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,045,200 shares of the company’s stock, valued at approximately $41,620,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.04% of Alliance Laundry as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank purchased a new position in Alliance Laundry during the fourth quarter worth $50,000. New York State Common Retirement Fund purchased a new position in Alliance Laundry during the fourth quarter worth $140,000. Strs Ohio purchased a new position in Alliance Laundry during the fourth quarter worth $157,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Alliance Laundry during the fourth quarter worth $207,000. Finally, Phoenix Financial Ltd. purchased a new position in Alliance Laundry during the fourth quarter worth $221,000.

Wall Street Analyst Weigh In

ALH has been the subject of several recent analyst reports. 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 note on Thursday, May 14th. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Robert W. Baird lifted their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Alliance Laundry Trading Up 0.2%

Shares of ALH opened at $25.47 on Monday. The stock has a market capitalization of $5.06 billion and a price-to-earnings ratio of 30.68. Alliance Laundry Holdings Inc. has a 12-month low of $18.64 and a 12-month high of $27.48. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The company’s fifty day moving average is $24.67.

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

About Alliance Laundry

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.