Daiwa Securities Group Inc. Makes New $1.65 Million Investment in Alliance Laundry Holdings Inc. $ALH

Daiwa Securities Group Inc. bought a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 80,832 shares of the company’s stock, valued at approximately $1,645,000.

Several other hedge funds have also recently modified their holdings of ALH. Comerica Bank bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $50,000. Strs Ohio bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $157,000. Phoenix Financial Ltd. bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $221,000. M&T Bank Corp bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $380,000. Finally, TD Asset Management Inc bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $789,000.

Alliance Laundry Price Performance

Shares of ALH stock opened at $25.13 on Thursday. The firm’s fifty day simple moving average is $24.49. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. 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 cap of $4.99 billion and a PE ratio of 30.28.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. During the same quarter last year, the firm earned $0.20 earnings per share. Alliance Laundry’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target 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. Citigroup lifted their price target 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. Robert W. Baird lifted their price target 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. Finally, Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Laundry Company 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.