Alliance Laundry (NYSE:ALH) CAO Brian Christopher Sikora Sells 17,500 Shares

Alliance Laundry Holdings Inc. (NYSE:ALH) CAO Brian Christopher Sikora sold 17,500 shares of the firm’s stock in a transaction dated 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 directly owned 13,951 shares in the company, valued at approximately $364,818.65. The trade was a 55.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

Alliance Laundry stock traded down $0.11 during trading hours on Wednesday, reaching $26.06. The stock had a trading volume of 758,336 shares, compared to its average volume of 875,386. The company has a market capitalization of $5.18 billion and a P/E ratio of 31.40. The stock has a 50 day moving average of $24.86. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $27.48. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00.

Alliance Laundry (NYSE:ALH) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, sell-side analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ALH has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Citigroup upped their target price on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Morgan Stanley boosted their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Alliance Laundry presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Investors Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently made changes to their positions in the stock. BDT Capital Partners LLC purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $2,864,297,000. Capital International Investors purchased a new position in Alliance Laundry in the 4th quarter worth $101,498,000. Vanguard Group Inc. acquired a new stake in Alliance Laundry during the 4th quarter worth about $76,161,000. Norges Bank acquired a new stake in Alliance Laundry during the 4th quarter worth about $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Alliance Laundry during the 4th quarter valued at about $48,234,000.

Alliance Laundry Company 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.