Vanguard Group Inc. Takes Position in Alliance Laundry Holdings Inc. $ALH

Vanguard Group Inc. acquired a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,742,560 shares of the company’s stock, valued at approximately $76,161,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALH. Massachusetts Financial Services Co. MA bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $14,951,000. Teacher Retirement System of Texas bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $6,105,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $3,209,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALH. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Citigroup upped their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird increased their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Alliance Laundry Price Performance

ALH stock opened at $24.79 on Friday. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $27.48. The company has a market capitalization of $4.91 billion and a P/E ratio of 47.67. The business has a 50-day moving average of $22.74. The company has a current ratio of 1.37, a quick ratio of 1.09 and a debt-to-equity ratio of 4.00.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. During the same period in the prior year, the firm posted $0.20 earnings per share. Alliance Laundry’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Alliance Laundry Holdings Inc. will post 1.26 earnings per share for the current fiscal year.

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.