BDT Capital Partners LLC acquired a new position in Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 140,751,696 shares of the company's stock, valued at approximately $3,732,734,978,000. Alliance Laundry accounts for about 85.7% of BDT Capital Partners LLC's portfolio, making the stock its largest position. BDT Capital Partners LLC owned 70.87% of Alliance Laundry as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALH. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $3,209,000. Vanguard Group Inc. bought a new position in Alliance Laundry during the fourth quarter valued at $76,161,000. UBS Group AG purchased a new stake in Alliance Laundry in the fourth quarter worth $19,411,000. Comerica Bank bought a new stake in shares of Alliance Laundry in the fourth quarter valued at $50,000. Finally, M&T Bank Corp purchased a new position in shares of Alliance Laundry during the 4th quarter valued at $380,000.
Insiders Place Their Bets
In other news, insider Amanda Brooke Kopetsky sold 13,472 shares of Alliance Laundry stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the sale, the insider owned 7,331 shares in the company, valued at approximately $197,937. This trade represents a 64.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $24.75, for a total value of $1,856,250.00. Following the transaction, the chief operating officer directly owned 449,563 shares of the company's stock, valued at $11,126,684.25. The trade was a 14.30% decrease in their position. 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 quarter, insiders sold 212,528 shares of company stock worth $5,439,521. 7.60% of the stock is currently owned by insiders.
Alliance Laundry Stock Up 0.5%
Shares of NYSE:ALH opened at $23.97 on Thursday. The firm has a fifty day moving average price of $25.77 and a two-hundred day moving average price of $24.27. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $28.23. The company has a market cap of $4.76 billion and a price-to-earnings ratio of 26.34.
Alliance Laundry (NYSE:ALH - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%.The company had revenue of $476.75 million during the quarter. Analysts anticipate that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ALH has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on Alliance Laundry from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Citigroup upped their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Zacks Research lowered shares of Alliance Laundry from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Morgan Stanley lifted their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, May 29th. Finally, Robert W. Baird boosted their price target 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, Alliance Laundry has an average rating of "Moderate Buy" and a consensus target price of $31.20.
Get Our Latest Analysis on Alliance Laundry
Alliance Laundry Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ALH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report).
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