953,837 Shares in Alliance Laundry Holdings Inc. $ALH Bought by UBS Group AG

UBS Group AG bought a new position in Alliance Laundry Holdings Inc. (NYSE:ALH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 953,837 shares of the company’s stock, valued at approximately $19,411,000. UBS Group AG owned 0.48% of Alliance Laundry at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ALH. Vanguard Group Inc. acquired a new stake in shares of Alliance Laundry in the fourth quarter valued at approximately $76,161,000. Teacher Retirement System of Texas bought a new position in Alliance Laundry in the fourth quarter valued at $6,105,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Alliance Laundry in the fourth quarter valued at $3,209,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Alliance Laundry in the 4th quarter valued at $14,951,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Alliance Laundry from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings raised Alliance Laundry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

Alliance Laundry Price Performance

Alliance Laundry stock opened at $25.40 on Tuesday. The firm has a market cap of $5.04 billion and a price-to-earnings ratio of 48.85. The business’s 50-day moving average price is $22.58. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $27.48. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 4.54.

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $434.87 million for the quarter, compared to the consensus estimate of $424.12 million. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts expect that Alliance Laundry Holdings Inc. will post 1.25 EPS 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.