Alliance Laundry Holdings Inc. (NYSE:ALH) Receives Average Rating of “Moderate Buy” from Analysts

Alliance Laundry Holdings Inc. (NYSE:ALH) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.3333.

ALH has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Morgan Stanley lifted their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Citigroup upped their price objective on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd.

Alliance Laundry Price Performance

NYSE:ALH opened at $25.42 on Friday. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The business has a fifty day simple moving average of $25.52. Alliance Laundry has a 1-year low of $18.64 and a 1-year high of $27.48. The firm has a market capitalization of $5.05 billion and a price-to-earnings ratio of 30.63.

Alliance Laundry (NYSE:ALH) last posted 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 period in the previous year, the company earned $0.20 EPS. Alliance Laundry’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Alliance Laundry will post 1.29 EPS for the current fiscal year.

Insider Activity

In related news, CAO Brian Christopher Sikora sold 17,500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total transaction of $457,625.00. Following the sale, the chief accounting officer owned 13,951 shares in the company, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the transaction, the chief operating officer directly owned 599,563 shares of the company’s stock, valued at $15,372,795.32. The trade was a 11.12% 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. Over the last three months, insiders sold 118,056 shares of company stock valued at $3,058,727. 7.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alliance Laundry

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Alliance Laundry by 74.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after purchasing an additional 608 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Alliance Laundry by 7.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock valued at $267,000 after buying an additional 885 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Alliance Laundry by 11,068.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock worth $47,000 after buying an additional 1,771 shares during the period. Comerica Bank acquired a new position in shares of Alliance Laundry during the 4th quarter worth approximately $50,000. Finally, California State Teachers Retirement System purchased a new position in shares of Alliance Laundry during the 4th quarter valued at approximately $55,000.

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.