Alliance Laundry Holdings Inc. (NYSE:ALH) Receives Consensus Rating of “Hold” from Brokerages

Alliance Laundry Holdings Inc. (NYSE:ALH) has received an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.3333.

Several research firms have commented on ALH. Citigroup lifted their price target on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Alliance Laundry in a research report on Friday. Morgan Stanley boosted their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird upped their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th.

Alliance Laundry Price Performance

ALH stock opened at $26.29 on Wednesday. The stock has a market capitalization of $5.22 billion and a price-to-earnings ratio of 31.68. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. Alliance Laundry has a 52-week low of $18.64 and a 52-week high of $28.23. The stock’s fifty day simple moving average is $26.04 and its 200-day simple moving average is $24.10.

Alliance Laundry (NYSE:ALH) last released its 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 during the quarter. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Alliance Laundry will post 1.29 EPS for the current year.

Insider Buying and Selling at Alliance Laundry

In related news, CAO Brian Christopher Sikora sold 17,500 shares of the firm’s 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 transaction, the chief accounting officer owned 13,951 shares in the company, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the transaction, the chief operating officer directly owned 599,563 shares in the company, valued at approximately $15,372,795.32. This represents a 11.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,528 shares of company stock worth $3,583,271 in the last quarter. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of Alliance Laundry by 74.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after buying an additional 608 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 1,771 shares in the last quarter. Comerica Bank purchased a new position in Alliance Laundry in the 4th quarter worth approximately $50,000. California State Teachers Retirement System acquired a new stake in Alliance Laundry in the fourth quarter valued at approximately $55,000. Finally, State of Wyoming acquired a new stake in Alliance Laundry in the second quarter valued at approximately $74,000.

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.