Teacher Retirement System of Texas Invests $6.11 Million in Alliance Laundry Holdings Inc. $ALH

Key Points

• Teacher Retirement System of Texas bought a new 300,000‑share position in Alliance Laundry (NYSE:ALH) in Q4, valued at about $6.11 million and representing roughly 0.15% of the company.
• Analyst coverage is mixed—one Buy, one Hold and one Sell—resulting in an average rating of "Hold" and an average price target of $28; Citigroup cut its target from $32 to $28 while maintaining a Buy.
• Alliance Laundry slightly beat the quarter with $0.24 EPS vs. $0.23 expected and $434.9M revenue (up 10.1% YoY); the stock trades near $24.06 with a 12‑month range of $18.64–$27.48 and a P/E of 46.27.

Teacher Retirement System of Texas bought a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300,000 shares of the company's stock, valued at approximately $6,105,000. Teacher Retirement System of Texas owned approximately 0.15% of Alliance Laundry at the end of the most recent reporting period.

Separately, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alliance Laundry during the fourth quarter worth about $3,209,000.

Analyst Ratings Changes

ALH has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Alliance Laundry from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Zacks Research downgraded shares of Alliance Laundry from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Weiss Ratings initiated coverage on shares of Alliance Laundry in a research report on Wednesday, January 14th. They issued a "sell (d+)" rating for the company. Finally, Citigroup reduced their price objective on shares of Alliance Laundry from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alliance Laundry has an average rating of "Hold" and an average price target of $28.00.

Alliance Laundry Stock Down 0.0%

Alliance Laundry stock opened at $24.06 on Monday. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $27.48. The company's 50 day moving average is $22.21. The company has a market cap of $4.76 billion and a P/E ratio of 46.27. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 4.54.

Alliance Laundry (NYSE:ALH - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $434.87 million for the quarter, compared to the consensus estimate of $424.12 million. Alliance Laundry's quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Alliance Laundry Holdings Inc. will post 1.17 EPS for the current fiscal year.

Alliance Laundry 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.

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