Alliance Laundry (NYSE:ALH) Insider Sells $160,800.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total value of $160,800.00. Following the completion of the transaction, the insider directly owned 286,066 shares of the company’s stock, valued at $7,666,568.80. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samantha Leigh Hannan also recently made the following trade(s):

• On Wednesday, July 1st, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $26.27, for a total value of $157,620.00.
• On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $25.66, for a total value of $153,960.00.

Alliance Laundry Stock Down 1.4%

ALH stock opened at $27.62 on Friday. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $28.23. The business has a 50-day simple moving average of $25.94 and a 200 day simple moving average of $23.99. 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 company has a market cap of $5.49 billion and a PE ratio of 33.28.

Alliance Laundry (NYSE:ALH) last announced 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 for the quarter. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Sell-side analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ALH shares. Citigroup boosted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Robert W. Baird upped their price objective on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley raised their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.

Institutional Trading of Alliance Laundry

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in Alliance Laundry in the 4th quarter valued at approximately $6,105,000. Element Capital Management LLC acquired a new position in shares of Alliance Laundry during the fourth quarter worth $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alliance Laundry in the fourth quarter worth $3,209,000. Norges Bank bought a new stake in shares of Alliance Laundry in the fourth quarter worth $55,962,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Alliance Laundry in the fourth quarter valued at $14,951,000.

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.