Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells 6,000 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the insider owned 298,066 shares of the company’s stock, valued at $7,648,373.56. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Down 0.4%

NYSE ALH traded down $0.11 on Wednesday, hitting $26.06. 758,336 shares of the stock were exchanged, compared to its average volume of 875,386. 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 Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $27.48. The firm has a market cap of $5.18 billion and a P/E ratio of 31.40. The firm has a 50-day simple moving average of $24.86.

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

Institutional Investors Weigh In On Alliance Laundry

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in Alliance Laundry by 74.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after acquiring an additional 608 shares during the last quarter. Comerica Bank acquired a new stake in Alliance Laundry in the 4th quarter valued at about $50,000. California State Teachers Retirement System acquired a new stake in shares of Alliance Laundry during the 4th quarter worth about $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Alliance Laundry during the 4th quarter worth about $63,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Alliance Laundry during the 4th quarter worth about $71,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALH. Robert W. Baird upped their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Citigroup upped their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

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.