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

Alliance Laundry Holdings Inc. (NYSE:ALH) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.20.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley boosted their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Citigroup upped 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alliance Laundry in a research report on Friday, August 7th.

Alliance Laundry Price Performance

NYSE ALH opened at $22.77 on Friday. The company has a 50 day simple moving average of $25.25 and a 200-day simple moving average of $24.22. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. The firm has a market capitalization of $4.53 billion and a price-to-earnings ratio of 25.02. Alliance Laundry has a 52-week low of $18.64 and a 52-week high of $28.23.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.41 EPS for the quarter, beating 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 firm had revenue of $476.75 million for the quarter. Equities research analysts predict that Alliance Laundry will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samantha Hannan sold 6,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $26.80, for a total value of $160,800.00. Following the completion of the sale, the insider directly owned 286,066 shares of the company’s stock, valued at approximately $7,666,568.80. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Gommaar Vleugels sold 75,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $24.75, for a total transaction of $1,856,250.00. Following the completion of the sale, the chief operating officer owned 449,563 shares in the company, valued at approximately $11,126,684.25. The trade was a 14.30% 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. Insiders have sold 212,528 shares of company stock valued at $5,439,521 in the last three months. 7.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALH. PNC Financial Services Group Inc. raised its holdings in Alliance Laundry by 74.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after acquiring an additional 608 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 1,771 shares in the last quarter. Comerica Bank bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $50,000. California State Teachers Retirement System bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $55,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Alliance Laundry in the fourth quarter valued at $63,000.

About Alliance Laundry

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.