Capital International Investors Purchases New Stake in Alliance Laundry Holdings Inc. $ALH

Capital International Investors purchased a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,987,638 shares of the company’s stock, valued at approximately $101,498,000. Capital International Investors owned approximately 2.53% of Alliance Laundry at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Comerica Bank acquired a new stake in Alliance Laundry in the fourth quarter valued at $50,000. Strs Ohio acquired a new stake in shares of Alliance Laundry during the fourth quarter worth $157,000. Phoenix Financial Ltd. acquired a new stake in shares of Alliance Laundry during the fourth quarter worth $221,000. M&T Bank Corp acquired a new stake in shares of Alliance Laundry during the fourth quarter worth $380,000. Finally, TD Asset Management Inc acquired a new stake in shares of Alliance Laundry during the fourth quarter worth $789,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Robert W. Baird increased their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Morgan Stanley increased their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, Citigroup increased 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Alliance Laundry currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Alliance Laundry Stock Performance

Alliance Laundry stock opened at $25.76 on Tuesday. The business’s 50-day moving average price is $24.25. The company has a market capitalization of $5.12 billion and a price-to-earnings ratio of 31.04. 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.

Alliance Laundry (NYSE:ALH) last released its quarterly 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. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, sell-side analysts forecast 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.