Analysts Set Alliance Laundry Holdings Inc. (NYSE:ALH) Price Target at $30.33

Alliance Laundry Holdings Inc. (NYSE:ALH) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $31.20.

Several equities research analysts have recently commented on ALH shares. Citigroup boosted their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their target price on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. BMO Capital Markets increased their target price on Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Morgan Stanley boosted their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock opened at $24.08 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. The stock’s fifty day moving average price is $26.02 and its 200-day moving average price is $24.22. The firm has a market cap of $4.78 billion and a P/E ratio of 26.46. Alliance Laundry has a 12 month low of $18.64 and a 12 month high of $28.23.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. The company had revenue of $476.75 million during the quarter. On average, equities research analysts expect that Alliance Laundry will post 1.32 earnings per share for the current fiscal year.

Alliance Laundry News Roundup

Here are the key news stories impacting Alliance Laundry this week:

• Positive Sentiment: Analyst optimism increased. Zacks upgraded Alliance Laundry to a No. 2 (Buy) ranking, citing improving earnings-estimate revisions and stronger earnings prospects. Alliance Laundry Upgraded to Buy
• Positive Sentiment: Price targets imply meaningful upside. BMO Capital Markets raised its target to $31 from $30 and maintained an “outperform” rating. Other brokerage reports placed targets as high as $34, while the reported consensus target was approximately $30.33. BMO Raises Alliance Laundry Price Target
• Positive Sentiment: Consensus expectations remain constructive. Zacks reported that analysts’ average target indicates roughly 27.6% potential upside for ALH. While price targets are not guaranteed, the positive direction of earnings revisions could support the stock. Wall Street Analysts Predict Upside in Alliance Laundry
• Neutral Sentiment: BDT Capital is selling existing shares. Alliance Laundry announced an underwritten offering of 20.5 million common shares by principal stockholder BDT Capital Partners and affiliated funds. Because this is a secondary offering, the proceeds generally go to the selling shareholder rather than the company, while the transaction increases the public float. Alliance Laundry Announces Public Offering
• Negative Sentiment: Supply overhang pressured the stock. The large shareholder sale raised concerns about additional shares entering the market and near-term selling pressure, which outweighed the favorable analyst commentary. The unusually heavy trading volume is consistent with investors reacting to the offering news. Alliance Laundry Falls on BDT Capital Share Offering

Insider Activity

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Monday, August 3rd. The stock was sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the transaction, the insider directly owned 286,066 shares in the company, valued at approximately $7,666,568.80. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 137,528 shares of company stock valued at $3,583,271. Corporate insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On Alliance Laundry

A number of large investors have recently made changes to their positions in the business. BDT Capital Partners LLC purchased a new stake in shares of Alliance Laundry during the 2nd quarter valued at $3,732,734,978,000. Capital International Investors acquired a new position in Alliance Laundry during the 4th quarter valued at about $101,498,000. Vanguard Group Inc. purchased a new stake in Alliance Laundry in the fourth quarter valued at about $76,161,000. BlackRock Inc. acquired a new stake in Alliance Laundry in the second quarter worth about $85,422,000. Finally, Norges Bank acquired a new stake in Alliance Laundry in the fourth quarter worth about $55,962,000.

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.