Alliance Laundry Holdings Inc. (NYSE:ALH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.00.

Several equities research analysts have recently commented on ALH shares. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. 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. Citigroup increased their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Robert W. Baird increased their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd.

Insider Buying and Selling

In related news, CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the sale, the chief accounting officer directly owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer directly owned 599,563 shares of the company’s stock, valued at $15,372,795.32. This represents a 11.12% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 99,309 shares of company stock valued at $2,556,428. 7.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alliance Laundry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake 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 worth $30,000 after purchasing an additional 608 shares during the period. Janney Montgomery Scott LLC boosted its stake in Alliance Laundry by 7.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock worth $267,000 after purchasing an additional 885 shares during the period. Comerica Bank bought a new position in Alliance Laundry in the 4th quarter worth approximately $50,000. California State Teachers Retirement System bought a new position in Alliance Laundry in the 4th quarter worth approximately $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Alliance Laundry in the 4th quarter worth approximately $63,000.

Alliance Laundry Stock Down 1.3%

NYSE ALH opened at $26.55 on Tuesday. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $27.48. The stock has a market cap of $5.27 billion and a price-to-earnings ratio of 31.99. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The company’s 50-day simple moving average is $25.17.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Alliance Laundry will post 1.29 EPS for the current year.

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.