Alliance Laundry (NYSE:ALH) Insider Sells $160,800.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total value of $160,800.00. Following the sale, the insider directly owned 286,066 shares of the company’s stock, valued at approximately $7,666,568.80. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

Samantha Leigh Hannan also recently made the following trade(s):

• On Wednesday, July 1st, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The shares were sold at an average price of $26.27, for a total value of $157,620.00.
• On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The shares were sold at an average price of $25.66, for a total value of $153,960.00.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock traded up $1.34 during trading hours on Tuesday, hitting $27.92. 782,808 shares of the company were exchanged, compared to its average volume of 824,886. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $28.16. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. The business has a 50-day moving average of $25.85 and a 200-day moving average of $23.92. The stock has a market capitalization of $5.54 billion and a price-to-earnings ratio of 33.63.

Alliance Laundry (NYSE:ALH) last posted 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 firm had revenue of $426.89 million during the quarter. Alliance Laundry’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Alliance Laundry

A number of institutional investors and hedge funds have recently made changes to their positions in ALH. BDT Capital Partners LLC purchased a new position in shares of Alliance Laundry in the 4th quarter valued at about $2,864,297,000. Capital International Investors purchased a new stake in Alliance Laundry during the fourth quarter worth about $101,498,000. Vanguard Group Inc. acquired a new position in Alliance Laundry during the fourth quarter worth about $76,161,000. Norges Bank acquired 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 in the fourth quarter valued at about $48,234,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ALH shares. Citigroup lifted their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Morgan Stanley raised their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Robert W. Baird boosted their target price on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alliance Laundry has an average rating of “Hold” and an average target price of $30.33.

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.