Alliance Laundry (NYSE:ALH) Insider Sells $157,620.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $26.27, for a total value of $157,620.00. Following the completion of the transaction, the insider owned 292,066 shares in the company, valued at $7,672,573.82. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The shares were sold at an average price of $25.66, for a total value of $153,960.00.

Alliance Laundry Stock Down 0.2%

NYSE:ALH opened at $25.80 on Friday. The company has a fifty day moving average of $25.39. The firm has a market cap of $5.12 billion and a price-to-earnings ratio of 31.08. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year 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.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Morgan Stanley increased their target price on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird lifted their price target on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliance Laundry has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Institutional Investors Weigh In On Alliance Laundry

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in shares of Alliance Laundry in the 1st quarter valued at approximately $527,000. California State Teachers Retirement System raised its position in Alliance Laundry by 1,683.8% during the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock valued at $996,000 after acquiring an additional 45,310 shares in the last quarter. Royal Bank of Canada lifted its stake in Alliance Laundry by 32.5% in the first quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock valued at $713,000 after acquiring an additional 8,421 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alliance Laundry by 108.8% in the first quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company’s stock valued at $694,000 after acquiring an additional 17,434 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Alliance Laundry in the first quarter worth approximately $384,000.

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.