Alliance Laundry Holdings Inc.’s (NYSE:ALH) Lock-Up Period Will Expire on April 7th

Alliance Laundry’s (NYSE:ALH) lock-up period will expire on Tuesday, April 7th. Alliance Laundry had issued 37,560,974 shares in its initial public offering on October 9th. The total size of the offering was $826,341,428 based on an initial share price of $22.00. After the expiration of Alliance Laundry’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Citigroup decreased their target price on Alliance Laundry from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Weiss Ratings started coverage on Alliance Laundry in a report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Alliance Laundry presently has an average rating of “Hold” and a consensus target price of $28.00.

Alliance Laundry Stock Up 3.5%

Shares of ALH opened at $21.46 on Thursday. The stock has a market cap of $4.25 billion and a P/E ratio of 41.28. Alliance Laundry has a fifty-two week low of $18.64 and a fifty-two week high of $27.48. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.09 and a current ratio of 1.40. The business’s 50 day simple moving average is $21.79.

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

Institutional Investors Weigh In On Alliance Laundry

Several large investors have recently bought and sold shares of ALH. Massachusetts Financial Services Co. MA purchased a new position in shares of Alliance Laundry in the 4th quarter valued at about $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Alliance Laundry during the fourth quarter worth approximately $3,209,000. Teacher Retirement System of Texas purchased a new stake in shares of Alliance Laundry during the fourth quarter worth approximately $6,105,000. Vanguard Group Inc. acquired a new stake in Alliance Laundry in the fourth quarter valued at approximately $76,161,000. Finally, UBS Group AG acquired a new stake in Alliance Laundry in the fourth quarter valued at approximately $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.