Healthcare of Ontario Pension Plan Trust Fund Takes Position in Alliance Laundry Holdings Inc. $ALH

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,045,200 shares of the company’s stock, valued at approximately $41,620,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of Alliance Laundry in the fourth quarter valued at about $50,000. New York State Common Retirement Fund bought a new stake in shares of Alliance Laundry in the fourth quarter valued at about $140,000. Strs Ohio bought a new stake in shares of Alliance Laundry in the fourth quarter valued at about $157,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Alliance Laundry in the fourth quarter valued at about $207,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Alliance Laundry in the fourth quarter valued at about $221,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup lifted their price objective on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley lifted their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird lifted their price objective on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alliance Laundry presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock opened at $25.47 on Monday. The company has a market capitalization of $5.06 billion and a P/E ratio of 30.68. 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 business has a 50-day moving average price of $24.67. 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 announced its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. On average, equities analysts predict that Alliance Laundry Holdings Inc. will post 1.29 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.