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

Alliance Laundry Holdings Inc. (NYSE:ALH) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.3333.

A number of equities research analysts have recently issued reports on ALH shares. Morgan Stanley upped their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Citigroup increased their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd.

Alliance Laundry Trading Down 0.3%

Shares of NYSE:ALH opened at $24.53 on Friday. The company has a market capitalization of $4.87 billion and a price-to-earnings ratio of 29.56. The stock has a fifty day moving average of $25.48. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. Alliance Laundry has a 12-month low of $18.64 and a 12-month high of $27.48.

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. Alliance Laundry’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. As a group, equities research analysts forecast that Alliance Laundry will post 1.29 EPS for the current fiscal year.

Insider Transactions at Alliance Laundry

In related news, insider Amanda Brooke Kopetsky sold 12,747 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $27.04, for a total transaction of $344,678.88. Following the transaction, the insider directly owned 7,331 shares in the company, valued at $198,230.24. This trade represents a 63.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $26.27, for a total transaction of $157,620.00. Following the completion of the transaction, the insider directly owned 292,066 shares of the company’s stock, valued at approximately $7,672,573.82. This represents a 2.01% 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 ninety days, insiders have sold 118,056 shares of company stock valued at $3,058,727. Company insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Alliance Laundry

Several large investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB bought a new stake in Alliance Laundry in the second quarter valued at $446,000. GAMMA Investing LLC grew its position in shares of Alliance Laundry by 11,068.8% during the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock worth $47,000 after acquiring an additional 1,771 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Alliance Laundry during the first quarter worth about $527,000. California State Teachers Retirement System increased its holdings in shares of Alliance Laundry by 1,683.8% in the 1st quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock worth $996,000 after acquiring an additional 45,310 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Alliance Laundry by 32.5% in the 1st quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock worth $713,000 after acquiring an additional 8,421 shares during the period.

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.