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

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Performance

ALH stock opened at $21.52 on Thursday. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $28.23. The firm has a market cap of $4.28 billion and a price-to-earnings ratio of 23.64. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. The firm has a 50-day simple moving average of $24.56 and a two-hundred day simple moving average of $24.14.

Alliance Laundry (NYSE:ALH) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $476.75 million for the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. On average, equities analysts forecast that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALH. PNC Financial Services Group Inc. lifted its stake in shares of Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after buying an additional 608 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Alliance Laundry in the 2nd quarter valued at $36,000. GAMMA Investing LLC increased its position in shares of Alliance Laundry by 11,068.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after acquiring an additional 1,771 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Alliance Laundry in the 4th quarter worth $63,000. Finally, State of Wyoming purchased a new position in Alliance Laundry in the 2nd quarter worth $74,000.

Wall Street Analysts Forecast Growth

ALH has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird raised their price objective on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Finally, BMO Capital Markets increased their price target on Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.20.

About Alliance Laundry

Alliance Laundry Holdings, Inc (NYSE: ALH) is a manufacturer of commercial, industrial and residential laundry equipment. Through Alliance Laundry Systems, the company develops and produces washing machines, dryers and related laundry systems for laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial users.

The company’s portfolio includes brands such as Speed Queen, Huebsch, UniMac, Primus and IPSO. Its offerings include coin-operated and card-operated machines, on-premises laundry equipment, industrial laundry systems and related controls, parts and services.