Brian Christopher Sikora Sells 17,500 Shares of Alliance Laundry (NYSE:ALH) Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) CAO Brian Christopher Sikora sold 17,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the transaction, the chief accounting officer owned 13,951 shares in the company, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Performance

Shares of ALH opened at $26.88 on Friday. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48. The company has a 50-day simple moving average of $25.04. 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 stock has a market capitalization of $5.34 billion and a P/E ratio of 32.38.

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 business had revenue of $426.89 million for the quarter. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALH has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Citigroup boosted their price objective on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after acquiring an additional 608 shares during the period. Comerica Bank acquired a new position in Alliance Laundry in the fourth quarter valued at approximately $50,000. California State Teachers Retirement System bought a new position in shares of Alliance Laundry during the fourth quarter valued at approximately $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $63,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $71,000.

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.