Alliance Laundry Holdings Inc. (NYSE:ALH) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Alliance Laundry Holdings has a consensus analyst rating of “Moderate Buy” from five covering analysts, with an average 12-month price target of $30.00.
• The company recently reported better-than-expected quarterly results, posting EPS of $0.31 versus the $0.27 estimate, while revenue rose 9.6% year over year to $426.89 million.
• There has been notable insider selling, including COO Jan Gommaar M. Vleugels and insider Samantha Leigh Hannan, though the sales were made under pre-arranged 10b5-1 trading plans.

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $30.00.

ALH has been the topic of a number of analyst reports. Zacks Research upgraded shares of Alliance Laundry from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 22nd. 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 note on Wednesday, May 13th. Citigroup upped their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Morgan Stanley upped 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, Weiss Ratings upgraded shares of Alliance Laundry from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 13th.

Insiders Place Their Bets

In other Alliance Laundry news, COO Jan Gommaar M. Vleugels sold 75,000 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total value of $1,923,000.00. Following the completion of the transaction, the chief operating officer owned 599,563 shares of the company's stock, valued at approximately $15,372,795.32. The trade was a 11.12% decrease in their position. 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. Also, insider Samantha Leigh Hannan sold 6,000 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the transaction, the insider directly owned 298,066 shares of the company's stock, valued at approximately $7,648,373.56. This trade represents a 1.97% 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. In the last 90 days, insiders sold 99,309 shares of company stock valued at $2,556,428. 7.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Alliance Laundry

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in Alliance Laundry in the 1st quarter worth about $527,000. California State Teachers Retirement System raised its position in Alliance Laundry by 1,683.8% in the 1st 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 raised its position in Alliance Laundry by 32.5% in the 1st quarter. Royal Bank of Canada now owns 34,337 shares of the company's stock worth $713,000 after buying an additional 8,421 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Alliance Laundry by 108.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company's stock worth $694,000 after buying an additional 17,434 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Alliance Laundry in the 1st quarter worth about $384,000.

Alliance Laundry Price Performance

Shares of Alliance Laundry stock opened at $26.55 on Tuesday. The company has a market cap of $5.27 billion and a PE ratio of 31.99. The stock has a 50-day moving average price of $25.17. Alliance Laundry has a 1 year low of $18.64 and a 1 year high of $27.48. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00.

Alliance Laundry (NYSE:ALH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. Alliance Laundry's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. On average, equities analysts expect that Alliance Laundry will post 1.29 EPS 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.

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