BDT Capital Partners LLC Takes Position in Alliance Laundry Holdings Inc. $ALH

BDT Capital Partners LLC purchased a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 140,751,696 shares of the company’s stock, valued at approximately $3,732,734,978. Alliance Laundry accounts for about 0.1% of BDT Capital Partners LLC’s investment portfolio, making the stock its biggest position. BDT Capital Partners LLC owned 70.87% of Alliance Laundry as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALH. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $3,209,000. Vanguard Group Inc. purchased a new stake in Alliance Laundry in the fourth quarter worth $76,161,000. UBS Group AG purchased a new position in Alliance Laundry during the 4th quarter worth approximately $19,411,000. Comerica Bank purchased a new stake in shares of Alliance Laundry during the 4th quarter valued at approximately $50,000. Finally, M&T Bank Corp purchased a new position in Alliance Laundry during the 4th quarter worth approximately $380,000.

Insider Transactions at Alliance Laundry

In related news, COO Jan Gommaar M. Vleugels sold 75,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.75, for a total value of $1,856,250.00. Following the sale, the chief operating officer owned 449,563 shares of the company’s stock, valued at $11,126,684.25. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the transaction, the chief accounting officer owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. The trade was a 55.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 212,528 shares of company stock worth $5,439,521 over the last 90 days. 7.60% of the stock is currently owned by corporate insiders.

Alliance Laundry Stock Performance

ALH stock traded up $0.04 during mid-day trading on Friday, hitting $23.28. The company had a trading volume of 964,827 shares, compared to its average volume of 960,595. The firm has a market cap of $4.63 billion and a PE ratio of 25.58. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23. The stock’s fifty day moving average price is $25.70 and its two-hundred day moving average price is $24.27.

Alliance Laundry (NYSE:ALH) last posted its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. The company had revenue of $476.75 million during the quarter. On average, analysts forecast that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. BMO Capital Markets raised their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Finally, Robert W. Baird raised their price objective on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

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.