Alliance Laundry Holdings Inc. (NYSE:ALH) Stock Rated “Moderate Buy” by Sell-Side Analysts

Alliance Laundry Holdings Inc. (NYSE:ALH) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $30.20.

A number of research analysts recently weighed in on the stock. Weiss Ratings cut shares of Alliance Laundry from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Robert W. Baird upped their price target on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Citigroup lowered their price target on Alliance Laundry from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th.

Insider Activity

In other news, COO Gommaar Vleugels sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $21.05, for a total value of $1,578,750.00. Following the completion of the sale, the chief operating officer directly owned 374,563 shares in the company, valued at approximately $7,884,551.15. The trade was a 16.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alliance Laundry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrity Alliance LLC. bought a new stake in shares of Alliance Laundry during the third quarter worth approximately $1,062,000. Straight Path Wealth Management purchased a new position in Alliance Laundry during the 3rd quarter worth $1,424,000. Sterling Capital Management LLC increased its holdings in Alliance Laundry by 1,277.3% in the 3rd quarter. Sterling Capital Management LLC now owns 2,121 shares of the company’s stock worth $45,000 after acquiring an additional 1,967 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in Alliance Laundry by 441.7% during the third quarter. Birch Hill Investment Advisors LLC now owns 106,235 shares of the company’s stock valued at $2,263,000 after buying an additional 86,625 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Alliance Laundry in the 3rd quarter worth $182,000.

Alliance Laundry Trading Up 0.1%

NYSE ALH opened at $22.00 on Monday. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $28.23. The company has a quick ratio of 1.14, a current ratio of 1.43 and a debt-to-equity ratio of 3.35. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 24.18. The business has a 50 day moving average price of $21.80 and a 200-day moving average price of $23.49.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $476.75 million for the quarter. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. As a group, equities analysts expect that Alliance Laundry will post 1.35 earnings per share for the current fiscal year.

Alliance Laundry Company Profile

Alliance Laundry Holdings, Inc is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. Through its operating businesses, the company designs, manufactures and distributes washing machines, dryers and related laundry systems for commercial, institutional and consumer customers.

Its product portfolio includes coin-operated and on-premises laundry equipment, industrial laundry systems, and residential washers and dryers. The company’s brands include Speed Queen, Huebsch, UniMac, Primus and IPSO, serving customers such as laundromats, multifamily housing operators, hotels, healthcare facilities, correctional institutions and other organizations with high-volume laundry needs.

Alliance Laundry traces its origins to 1908 and sells its products through distributors and other sales channels in the United States and international markets.