3,742,560 Shares in Alliance Laundry Holdings Inc. $ALH Bought by Vanguard Group Inc.

Vanguard Group Inc. bought a new position in Alliance Laundry Holdings Inc. (NYSE:ALH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,742,560 shares of the company’s stock, valued at approximately $76,161,000. Vanguard Group Inc. owned approximately 1.90% of Alliance Laundry as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new position in Alliance Laundry in the fourth quarter worth $14,951,000. Teacher Retirement System of Texas purchased a new position in Alliance Laundry in the fourth quarter worth $6,105,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Alliance Laundry in the fourth quarter worth $3,209,000.

Analyst Ratings Changes

Several research analysts recently issued reports on ALH shares. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Citigroup upped their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird boosted 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, Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Alliance Laundry Stock Down 1.3%

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

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million during the quarter. The firm’s 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 earnings per share. As a group, equities analysts expect that Alliance Laundry Holdings Inc. will post 1.26 earnings per share for the current fiscal 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.