BDT Capital Partners LLC Purchases New 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 fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 140,751,696 shares of the company’s stock, valued at approximately $2,864,297,000. Alliance Laundry makes up approximately 90.2% of BDT Capital Partners LLC’s holdings, making the stock its biggest holding. BDT Capital Partners LLC owned about 71.30% of Alliance Laundry at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Comerica Bank bought a new stake in Alliance Laundry during the 4th quarter worth approximately $50,000. California State Teachers Retirement System bought a new stake in Alliance Laundry during the 4th quarter worth approximately $55,000. Russell Investments Group Ltd. bought a new position in shares of Alliance Laundry in the 4th quarter worth $71,000. New York State Common Retirement Fund bought a new position in shares of Alliance Laundry in the 4th quarter worth $140,000. Finally, Strs Ohio bought a new position in shares of Alliance Laundry in the 4th quarter worth $157,000.

Alliance Laundry Stock Down 0.4%

Shares of ALH opened at $26.06 on Thursday. The stock has a market cap of $5.18 billion and a PE ratio of 31.40. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The firm’s fifty day moving average price is $24.95. 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 announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Sell-side analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird increased 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. Citigroup increased 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. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Insider Transactions at Alliance Laundry

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the sale, the chief accounting officer directly owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer directly owned 599,563 shares of the company’s stock, valued at approximately $15,372,795.32. This represents a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 98,500 shares of company stock valued at $2,534,585. Company insiders own 7.60% of the company’s stock.

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.