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

Alliance Laundry Holdings Inc. (NYSE:ALH) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.20.

Several research firms have recently weighed in on ALH. Citigroup upped their price objective on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Robert W. Baird boosted their price target on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Morgan Stanley increased their price objective on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th.

Alliance Laundry Price Performance

Shares of Alliance Laundry stock opened at $22.77 on Friday. The firm has a market cap of $4.53 billion and a P/E ratio of 25.02. The firm’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $24.22. Alliance Laundry has a twelve month low of $18.64 and a twelve month high of $28.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43.

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $476.75 million during the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. As a group, research analysts expect that Alliance Laundry will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Jan Gommaar M. Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 449,563 shares of the company’s stock, valued at $11,126,684.25. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total transaction of $457,625.00. Following the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 212,528 shares of company stock valued at $5,439,521 in the last 90 days. Insiders own 7.60% of the company’s stock.

Institutional Trading of Alliance Laundry

Hedge funds and other institutional investors have recently modified their holdings of the stock. BDT Capital Partners LLC bought a new position in Alliance Laundry in the 4th quarter worth approximately $2,864,297,000. Capital International Investors acquired a new stake in Alliance Laundry in the fourth quarter worth about $101,498,000. Vanguard Group Inc. acquired a new stake in Alliance Laundry in the fourth quarter worth about $76,161,000. BlackRock Inc. bought a new stake in Alliance Laundry during the 2nd quarter worth about $85,422,000. Finally, Norges Bank acquired a new position in Alliance Laundry during the 4th quarter valued at about $55,962,000.

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.