Janus Henderson Group PLC Buys Shares of 25,400 Alliance Laundry Holdings Inc. $ALH

Janus Henderson Group PLC purchased a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) during the first quarter, Holdings Channel.com reports. The firm purchased 25,400 shares of the company’s stock, valued at approximately $527,000.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after purchasing an additional 608 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Alliance Laundry by 7.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock valued at $267,000 after purchasing an additional 885 shares during the last quarter. Comerica Bank purchased a new position in Alliance Laundry in the fourth quarter valued at about $50,000. California State Teachers Retirement System bought a new position in Alliance Laundry in the fourth quarter worth about $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Alliance Laundry in the fourth quarter worth about $63,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ALH shares. Citigroup raised their price target 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. Zacks Research lowered shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley increased their target price 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. Robert W. Baird raised their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alliance Laundry presently has an average rating of “Hold” and an average target price of $30.33.

Alliance Laundry Trading Down 4.8%

Shares of NYSE:ALH opened at $26.45 on Tuesday. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $28.23. The stock has a market cap of $5.25 billion and a price-to-earnings ratio of 31.87. 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 business has a 50-day moving average price of $26.01 and a 200-day moving average price of $24.06.

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

Insider Buying and Selling at Alliance Laundry

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer owned 13,951 shares in the company, valued at $364,818.65. This represents a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer owned 599,563 shares in the company, valued at $15,372,795.32. The trade was a 11.12% decrease in their position. 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. Over the last quarter, insiders sold 137,528 shares of company stock valued at $3,583,271. 7.60% of the stock is owned by corporate insiders.

Alliance Laundry 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.