Analysts Set Alliance Laundry Holdings Inc. (NYSE:ALH) PT at $31.20

Alliance Laundry Holdings Inc. (NYSE:ALH) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $31.20.

Several research analysts recently issued reports on ALH shares. Robert W. Baird raised their price objective on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. raised their price target on Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Citigroup upped their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley increased their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, BMO Capital Markets boosted their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, August 17th.

Insider Buying and Selling at Alliance Laundry

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the transaction, the chief accounting officer directly owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. The trade was a 55.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $24.75, for a total value of $1,856,250.00. Following the sale, the chief operating officer owned 449,563 shares of the company’s stock, valued at $11,126,684.25. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 212,528 shares of company stock worth $5,439,521. 7.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alliance Laundry

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

Alliance Laundry Trading Up 2.2%

NYSE ALH opened at $21.60 on Friday. The company’s 50-day moving average price is $24.83 and its 200-day moving average price is $24.16. 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 has a market cap of $4.29 billion and a PE ratio of 23.74. 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 (EPS) for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Alliance Laundry will post 1.34 earnings per share for the current year.

Alliance Laundry Company Profile

Alliance Laundry Holdings, Inc (NYSE: ALH) is a manufacturer of commercial, industrial and residential laundry equipment. Through Alliance Laundry Systems, the company develops and produces washing machines, dryers and related laundry systems for laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial users.

The company’s portfolio includes brands such as Speed Queen, Huebsch, UniMac, Primus and IPSO. Its offerings include coin-operated and card-operated machines, on-premises laundry equipment, industrial laundry systems and related controls, parts and services.