Brokerages Set Alliance Laundry Holdings Inc. (NYSE:ALH) Price Target at $30.33

Alliance Laundry Holdings Inc. (NYSE:ALH) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.3333.

A number of research firms recently issued reports on ALH. Citigroup upped their target price on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Robert W. Baird boosted their price target on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Morgan Stanley upped their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Finally, Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th.

Alliance Laundry Trading Down 3.7%

NYSE:ALH opened at $24.55 on Friday. 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 stock has a market cap of $4.88 billion and a P/E ratio of 29.57. The company’s 50-day simple moving average is $25.51. Alliance Laundry has a twelve month low of $18.64 and a twelve month high of $27.48.

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

Insider Activity

In other news, insider Samantha Leigh Hannan sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $26.27, for a total value of $157,620.00. Following the completion of the transaction, the insider owned 292,066 shares of the company’s stock, valued at $7,672,573.82. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 company’s 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 $364,818.65. The trade was a 55.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 118,056 shares of company stock valued at $3,058,727 in the last 90 days. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BDT Capital Partners LLC purchased a new position in shares of Alliance Laundry during the 4th quarter worth $2,864,297,000. Capital International Investors purchased a new stake in shares of Alliance Laundry in the fourth quarter valued at $101,498,000. Vanguard Group Inc. acquired a new position in Alliance Laundry in the fourth quarter valued at $76,161,000. Norges Bank purchased a new position in Alliance Laundry during the fourth quarter worth about $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Alliance Laundry during the fourth quarter worth about $48,234,000.

Alliance Laundry Company Profile

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.