Corient Private Wealth LLC Takes $657,000 Position in Alliance Laundry Holdings Inc. $ALH

Corient Private Wealth LLC acquired a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,301 shares of the company’s stock, valued at approximately $657,000.

Several other hedge funds have also added to or reduced their stakes in ALH. Teacher Retirement System of Texas bought a new stake in Alliance Laundry during the 4th quarter worth approximately $6,105,000. Element Capital Management LLC acquired a new position in Alliance Laundry in the 4th quarter valued at approximately $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Alliance Laundry during the fourth quarter valued at $3,209,000. Massachusetts Financial Services Co. MA bought a new position in shares of Alliance Laundry during the fourth quarter valued at $14,951,000. Finally, Vanguard Group Inc. acquired a new position in shares of Alliance Laundry during the fourth quarter worth $76,161,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective 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 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. Citigroup upped their price target on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Alliance Laundry has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Insiders Place Their Bets

In other news, insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction dated 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 directly owned 292,066 shares of the company’s stock, valued at approximately $7,672,573.82. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Brooke Kopetsky sold 12,747 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $27.04, for a total value of $344,678.88. Following the completion of the transaction, the insider directly owned 7,331 shares in the company, valued at $198,230.24. This represents a 63.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 118,056 shares of company stock valued at $3,058,727. Insiders own 7.60% of the company’s stock.

Alliance Laundry Stock Down 0.2%

ALH opened at $25.80 on Friday. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $27.48. The business’s fifty day moving average price is $25.39. The firm has a market capitalization of $5.12 billion and a PE ratio of 31.08. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37.

Alliance Laundry (NYSE:ALH) last released its 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 firm had revenue of $426.89 million during the quarter. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Sell-side analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Alliance Laundry 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.