Swiss National Bank Invests $2.02 Million in Alliance Laundry Holdings Inc. $ALH

Swiss National Bank purchased a new stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 97,600 shares of the company’s stock, valued at approximately $2,024,000.

Several other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Alliance Laundry during the 4th quarter worth about $6,105,000. Element Capital Management LLC acquired a new stake in Alliance Laundry during the 4th quarter worth $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alliance Laundry during the 4th quarter worth about $3,209,000. Massachusetts Financial Services Co. MA acquired a new stake in Alliance Laundry in the fourth quarter worth $14,951,000. Finally, Norges Bank acquired a new stake in Alliance Laundry during the 4th quarter worth $55,962,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Citigroup boosted their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 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. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, 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 report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.33.

Insider Buying and Selling at Alliance Laundry

In other news, COO Jan Gommaar M. Vleugels sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 599,563 shares of the company’s stock, valued at approximately $15,372,795.32. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Also, insider Amanda Brooke Kopetsky sold 13,472 shares of Alliance Laundry stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the sale, the insider owned 7,331 shares of the company’s stock, valued at approximately $197,937. The trade was a 64.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 131,528 shares of company stock valued at $3,422,471 over the last ninety days. Company insiders own 7.60% of the company’s stock.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock opened at $26.30 on Friday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. The company has a 50-day simple moving average of $25.72. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $27.48. The company has a market capitalization of $5.22 billion and a PE ratio of 31.69.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. During the same quarter last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

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.