Alliance Laundry Holdings Inc. $ALH Stock Bought by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC grew its position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) by 441.7% in the third quarter, HoldingsChannel reports. The fund owned 106,235 shares of the company’s stock after acquiring an additional 86,625 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Alliance Laundry were worth $2,263,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC grew its position in Alliance Laundry by 3.5% in the second quarter. HighTower Advisors LLC now owns 16,410 shares of the company’s stock valued at $435,000 after purchasing an additional 556 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Alliance Laundry by 74.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after buying an additional 608 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Alliance Laundry by 7.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock valued at $267,000 after buying an additional 885 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Alliance Laundry during the 2nd quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its position in Alliance Laundry by 11,068.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock worth $47,000 after buying an additional 1,771 shares in the last quarter.

Insider Activity at Alliance Laundry

In other Alliance Laundry news, insider Samantha Hannan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the sale, the insider directly owned 286,066 shares in the company, valued at $7,666,568.80. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $21.05, for a total transaction of $1,578,750.00. Following the sale, the chief operating officer owned 374,563 shares of the company’s stock, valued at $7,884,551.15. This trade represents a 16.68% 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. In the last 90 days, insiders have sold 169,472 shares of company stock worth $3,959,544. Insiders own 7.60% of the company’s stock.

Alliance Laundry Stock Up 2.3%

ALH stock opened at $21.41 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $4.26 billion and a PE ratio of 23.53. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $28.23. The business’s 50 day simple moving average is $22.47 and its 200 day simple moving average is $24.23.

Alliance Laundry (NYSE:ALH) last posted its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $476.75 million during the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. As a group, research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALH shares. Robert W. Baird raised their price objective on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Weiss Ratings lowered Alliance Laundry from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. BMO Capital Markets upped their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Citigroup decreased their price target on Alliance Laundry from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Alliance Laundry currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Alliance Laundry Company Profile

Alliance Laundry is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. The company designs, manufactures and markets washing machines, dryers and related laundry systems for consumers, laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial customers.

Its portfolio includes equipment and laundry solutions sold under brands such as Speed Queen, UniMac, Huebsch, IPSO and Primus.