Alliance Laundry (NYSE:ALH) COO Sells $1,923,000.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total value of $1,923,000.00. Following the transaction, the chief operating officer directly owned 599,563 shares of the company’s stock, valued at approximately $15,372,795.32. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Trading Down 0.0%

ALH stock opened at $26.88 on Friday. The business has a 50-day moving average of $25.11. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $27.48. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The company has a market capitalization of $5.34 billion and a PE ratio of 32.38.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, equities analysts predict that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Alliance Laundry

A number of institutional investors have recently added to or reduced their stakes in ALH. BDT Capital Partners LLC acquired a new position in Alliance Laundry in the 4th quarter valued at approximately $2,864,297,000. Capital International Investors acquired a new position in shares of Alliance Laundry during the fourth quarter worth $101,498,000. Vanguard Group Inc. bought a new stake in shares of Alliance Laundry in the fourth quarter worth $76,161,000. Norges Bank bought a new stake in shares of Alliance Laundry in the fourth quarter worth $55,962,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Alliance Laundry in the fourth quarter valued at $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.