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

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.75, for a total transaction of $1,856,250.00. Following the transaction, the chief operating officer owned 449,563 shares in the company, valued at approximately $11,126,684.25. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Trading Down 0.6%

ALH stock opened at $23.85 on Thursday. The company has a market capitalization of $4.74 billion and a price-to-earnings ratio of 26.21. The business has a 50 day simple moving average of $25.99 and a two-hundred day simple moving average of $24.23. 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 Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $28.23.

Alliance Laundry (NYSE:ALH) last released its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $476.75 million during the quarter. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. Research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ALH has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective 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. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup boosted their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th. Finally, Morgan Stanley boosted their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Alliance Laundry presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Institutional Trading of Alliance Laundry

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new stake in Alliance Laundry in the second quarter valued at approximately $1,182,000. Bank of America Corp DE purchased a new position in shares of Alliance Laundry during the 2nd quarter valued at approximately $14,037,000. BDT Capital Partners LLC purchased a new position in shares of Alliance Laundry during the 2nd quarter valued at approximately $3,732,734,978,000. Man Group plc acquired a new stake in Alliance Laundry in the 2nd quarter valued at $1,395,000. Finally, Jupiter Topco LLC purchased a new stake in Alliance Laundry in the 2nd quarter worth $395,000.

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.