Alliance Laundry Holdings Inc. (NYSE:ALH) Receives $30.00 Consensus PT from Analysts

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been given an average rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

Several research firms recently issued reports on ALH. 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. Citigroup lifted their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley lifted their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th.

Insider Buying and Selling at Alliance Laundry

In other Alliance Laundry news, insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the insider directly owned 298,066 shares of the company’s stock, valued at $7,648,373.56. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of Alliance Laundry stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total transaction of $457,625.00. Following the transaction, the chief accounting officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 112,056 shares of company stock valued at $2,901,107. 7.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new position in Alliance Laundry in the 1st quarter valued at about $527,000. California State Teachers Retirement System increased its stake in shares of Alliance Laundry by 1,683.8% in the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock worth $996,000 after buying an additional 45,310 shares during the last quarter. Royal Bank of Canada increased its stake in Alliance Laundry by 32.5% during the first quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock valued at $713,000 after purchasing an additional 8,421 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Alliance Laundry by 108.8% during the first quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company’s stock valued at $694,000 after purchasing an additional 17,434 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Alliance Laundry during the first quarter worth about $384,000.

Alliance Laundry Stock Performance

ALH opened at $26.26 on Tuesday. The business has a 50 day moving average of $25.34. 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 1 year low of $18.64 and a 1 year high of $27.48. The firm has a market capitalization of $5.22 billion and a PE ratio of 31.64.

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