Alliance Laundry Holdings Inc. (ALH) – What Are Brokerages Saying About This Stock?

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.20.

Several equities research analysts recently commented on the stock. Zacks Research cut shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings cut Alliance Laundry from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. BMO Capital Markets increased their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Robert W. Baird lifted their price target on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Citigroup cut 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.

Alliance Laundry Stock Performance

Shares of ALH opened at $21.28 on Monday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. Alliance Laundry has a twelve month low of $18.64 and a twelve month high of $28.23. The firm’s 50 day moving average price is $22.00 and its two-hundred day moving average price is $24.26. The firm has a market cap of $4.23 billion and a P/E ratio of 23.38.

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

Insider Buying and Selling

In other Alliance Laundry news, COO Jan Gommaar M. Vleugels sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $21.05, for a total transaction of $1,578,750.00. Following the completion of the transaction, the chief operating officer owned 374,563 shares of the company’s stock, valued at $7,884,551.15. This represents a 16.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Kopetsky sold 13,472 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the transaction, the insider directly owned 7,331 shares of the company’s stock, valued at $197,937. This represents a 64.76% 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. Over the last three months, insiders sold 169,472 shares of company stock worth $3,959,544. 7.60% of the stock is owned by corporate insiders.

Institutional Trading of Alliance Laundry

A number of hedge funds and other institutional investors have recently made changes to their positions in ALH. Straight Path Wealth Management acquired a new stake in Alliance Laundry in the 3rd quarter valued at $1,424,000. Sterling Capital Management LLC boosted its stake in shares of Alliance Laundry by 1,277.3% during the 3rd quarter. Sterling Capital Management LLC now owns 2,121 shares of the company’s stock worth $45,000 after buying an additional 1,967 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in shares of Alliance Laundry by 441.7% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 106,235 shares of the company’s stock worth $2,263,000 after buying an additional 86,625 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Alliance Laundry in the 3rd quarter valued at about $182,000. Finally, Diversified Management Inc. bought a new position in shares of Alliance Laundry in the 3rd quarter valued at about $1,034,000.

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.