Alliance Laundry Holdings Inc.’s Lock-Up Period Set To End Tomorrow (NYSE:ALH)

Alliance Laundry’s (NYSE:ALH) lock-up period is set to end on Tuesday, April 7th. Alliance Laundry had issued 37,560,974 shares in its IPO on October 9th. The total size of the offering was $826,341,428 based on an initial share price of $22.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

ALH has been the topic of several recent analyst reports. Citigroup dropped their target price on Alliance Laundry from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings initiated coverage on Alliance Laundry in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alliance Laundry currently has an average rating of “Hold” and an average target price of $28.00.

Alliance Laundry Trading Down 0.4%

NYSE:ALH opened at $21.28 on Monday. The firm’s 50-day simple moving average is $21.77. The company has a market cap of $4.21 billion and a price-to-earnings ratio of 40.92. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.09 and a current ratio of 1.40. Alliance Laundry has a twelve month low of $18.64 and a twelve month high of $27.48.

Alliance Laundry (NYSE:ALH) last released its earnings results on Thursday, March 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $434.87 million during the quarter, compared to the consensus estimate of $424.12 million. The company’s quarterly revenue was up 10.1% on a year-over-year basis.

Institutional Investors Weigh In On Alliance Laundry

A number of institutional investors and hedge funds have recently modified their holdings of ALH. Massachusetts Financial Services Co. MA acquired a new position in shares of Alliance Laundry in the 4th quarter worth $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $3,209,000. Teacher Retirement System of Texas purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $6,105,000. Vanguard Group Inc. acquired a new position in shares of Alliance Laundry in the 4th quarter valued at $76,161,000. Finally, UBS Group AG acquired a new position in shares of Alliance Laundry in the 4th quarter valued at $19,411,000.

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.