49,848 Shares of Alliance Laundry Holdings Inc. $ALH Bought by Integrity Alliance LLC.

Integrity Alliance LLC. bought a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) during the third quarter, HoldingsChannel.com reports. The firm bought 49,848 shares of the company’s stock, valued at approximately $1,062,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BDT Capital Partners LLC acquired a new position in Alliance Laundry during the second quarter worth about $3,732,734,978. BlackRock Inc. acquired a new stake in shares of Alliance Laundry in the 2nd quarter valued at approximately $85,422,000. Bank of America Corp DE acquired a new stake in shares of Alliance Laundry in the 2nd quarter valued at approximately $14,037,000. Sei Investments Co. grew its holdings in shares of Alliance Laundry by 9.4% during the 1st quarter. Sei Investments Co. now owns 266,884 shares of the company’s stock valued at $5,535,000 after purchasing an additional 22,988 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Alliance Laundry by 24.6% during the 1st quarter. Renaissance Technologies LLC now owns 207,300 shares of the company’s stock valued at $4,299,000 after purchasing an additional 40,900 shares during the last quarter.

Alliance Laundry Stock Down 1.5%

Shares of NYSE ALH opened at $22.61 on Friday. The company has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $23.48. The firm has a market cap of $4.50 billion and a PE ratio of 24.85. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $28.23. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) 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 firm had revenue of $476.75 million during the quarter. On average, research analysts forecast that Alliance Laundry Holdings Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALH shares. JPMorgan Chase & Co. upped their price objective on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Weiss Ratings lowered shares of Alliance Laundry from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Robert W. Baird boosted their target price on shares of Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, BMO Capital Markets upped their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alliance Laundry currently has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Insider Transactions at Alliance Laundry

In related news, COO Gommaar Vleugels sold 75,000 shares of the firm’s stock in a transaction 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 directly owned 374,563 shares of the company’s stock, valued at $7,884,551.15. This trade represents a 16.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.60% of the stock is currently owned by corporate insiders.

About Alliance Laundry

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.