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

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have received a consensus rating of “Moderate Buy” from the five research firms that are 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 given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $30.00.

ALH has been the subject of several research analyst reports. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Citigroup lifted their target price on Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Morgan Stanley boosted their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th.

Alliance Laundry Trading Up 0.3%

Shares of NYSE ALH opened at $26.45 on Tuesday. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. Alliance Laundry has a 12 month low of $18.64 and a 12 month high of $27.48. The business’s 50 day simple moving average is $25.31. The company has a market cap of $5.25 billion and a P/E ratio of 31.86.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping 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 company earned $0.20 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Alliance Laundry will post 1.29 EPS for the current fiscal year.

Insider Transactions at Alliance Laundry

In related news, insider Samantha Leigh Hannan sold 6,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the sale, the insider directly owned 298,066 shares in the company, valued at $7,648,373.56. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Brooke Kopetsky sold 12,747 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $27.04, for a total value of $344,678.88. Following the completion of the sale, the insider owned 7,331 shares of the company’s stock, valued at $198,230.24. This trade represents a 63.49% 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 quarter, insiders have sold 112,056 shares of company stock valued at $2,901,107. Company insiders own 7.60% of the company’s stock.

Institutional Trading of Alliance Laundry

Several institutional investors have recently added to or reduced their stakes in ALH. 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 valued at $30,000 after purchasing an additional 608 shares during the period. Comerica Bank bought a new stake in Alliance Laundry in the 4th quarter valued at $50,000. California State Teachers Retirement System acquired a new position in Alliance Laundry in the 4th quarter valued at $55,000. Caitong International Asset Management Co. Ltd acquired a new position in Alliance Laundry in the 4th quarter valued at $63,000. Finally, Russell Investments Group Ltd. acquired a new position in Alliance Laundry in the 4th quarter valued at $71,000.

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.