Corient Private Wealth LP Makes New $1.18 Million Investment in Alliance Laundry Holdings Inc. $ALH

Corient Private Wealth LP acquired a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 44,579 shares of the company’s stock, valued at approximately $1,182,000.

Other hedge funds have also made changes to their positions in the company. BDT Capital Partners LLC acquired a new position in Alliance Laundry during the 4th quarter worth approximately $2,864,297,000. Capital International Investors acquired a new stake in Alliance Laundry in the fourth quarter worth about $101,498,000. Vanguard Group Inc. acquired a new position in shares of Alliance Laundry during the 4th quarter valued at $76,161,000. BlackRock Inc. acquired a new stake in shares of Alliance Laundry during the 2nd quarter valued at $85,422,000. Finally, Norges Bank acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $55,962,000.

Insider Buying and Selling

In other Alliance Laundry news, insider Samantha Hannan sold 6,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.80, for a total value of $160,800.00. Following the completion of the transaction, the insider owned 286,066 shares of the company’s stock, valued at $7,666,568.80. This represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 that occurred 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 sale, the chief operating officer directly owned 449,563 shares of the company’s stock, valued at $11,126,684.25. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 212,528 shares of company stock worth $5,439,521. 7.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ALH shares. Morgan Stanley increased their price objective on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Citigroup lifted their price objective on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Robert W. Baird lifted their price objective on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, BMO Capital Markets increased their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Alliance Laundry Trading Up 0.4%

NYSE ALH opened at $22.77 on Friday. The stock has a 50 day moving average of $25.25 and a 200-day moving average of $24.22. The company has a market cap of $4.53 billion and a PE ratio of 25.02. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data 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. The firm had revenue of $476.75 million for the quarter. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. On average, equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.34 EPS 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.