Alliance Laundry (NYSE:ALH) Insider Samantha Leigh Hannan Sells 6,000 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the insider owned 298,066 shares of the company’s stock, valued at $7,648,373.56. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

ALH opened at $26.06 on Thursday. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $27.48. The firm has a market cap of $5.18 billion and a price-to-earnings ratio of 31.40. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The stock has a 50-day simple moving average of $24.95.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS. As a group, analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ALH shares. Robert W. Baird increased their price target on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Citigroup lifted their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Hedge Funds Weigh In On Alliance Laundry

Hedge funds have recently modified their holdings of the company. BDT Capital Partners LLC bought a new stake in Alliance Laundry during the fourth quarter worth $2,864,297,000. Capital International Investors bought a new stake in shares of Alliance Laundry during the 4th quarter worth $101,498,000. Vanguard Group Inc. bought a new stake in shares of Alliance Laundry during the 4th quarter worth $76,161,000. Norges Bank bought a new stake in shares of Alliance Laundry during the 4th quarter worth $55,962,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Alliance Laundry during the 4th quarter worth $48,234,000.

Alliance Laundry Company Profile

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.