Alliance Laundry (NYSE:ALH) COO Jan Gommaar Vleugels Sells 75,000 Shares

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer directly owned 599,563 shares in the company, 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Down 0.4%

Shares of Alliance Laundry stock opened at $26.06 on Thursday. The firm has a market capitalization of $5.18 billion and a price-to-earnings ratio of 31.40. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $27.48. The business’s 50-day moving average price is $24.95. 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) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Alliance Laundry

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Alliance Laundry by 74.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after purchasing an additional 608 shares during the last quarter. Comerica Bank acquired a new position in shares of Alliance Laundry during the 4th quarter worth $50,000. California State Teachers Retirement System purchased a new stake in shares of Alliance Laundry in the 4th quarter worth about $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in Alliance Laundry in the 4th quarter valued at about $63,000. Finally, Russell Investments Group Ltd. acquired a new stake in Alliance Laundry in the 4th quarter valued at about $71,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALH shares. Robert W. Baird upped their price objective on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. 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. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

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.