Alliance Laundry Holdings Inc. (NYSE:ALH) Receives Average Recommendation of “Hold” from Analysts

Shares of Alliance Laundry Holdings Inc. (NYSE:ALHGet Free Report) have received an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $30.3333.

A number of equities research analysts have weighed in on ALH shares. Citigroup raised 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley lifted their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Robert W. Baird increased their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th.

Get Our Latest Stock Analysis on Alliance Laundry

Insider Activity at Alliance Laundry

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer owned 13,951 shares in the company, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the transaction, the chief operating officer directly owned 599,563 shares in the company, valued at $15,372,795.32. The trade was a 11.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last quarter. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in shares of Alliance Laundry in the 2nd quarter worth approximately $770,000. BlackRock Inc. acquired a new stake in shares of Alliance Laundry during the 2nd quarter valued at approximately $85,422,000. Deutsche Bank AG bought a new position in Alliance Laundry during the second quarter worth $1,187,000. Persistent Asset Partners Ltd bought a new position in Alliance Laundry during the second quarter worth $232,000. Finally, Bank of New York Mellon Corp acquired a new position in Alliance Laundry in the second quarter worth $3,299,000.

Alliance Laundry Stock Down 0.4%

Shares of Alliance Laundry stock opened at $26.29 on Wednesday. Alliance Laundry has a 1-year low of $18.64 and a 1-year high of $28.23. The company has a market capitalization of $5.22 billion and a PE ratio of 31.68. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The business has a 50-day moving average of $26.04 and a 200-day moving average of $24.10.

Alliance Laundry (NYSE:ALHGet Free Report) last released its quarterly 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 during the quarter. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. As a group, equities analysts forecast that Alliance Laundry will post 1.29 EPS for the current fiscal year.

About Alliance Laundry

(Get Free Report)

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.

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Analyst Recommendations for Alliance Laundry (NYSE:ALH)

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