Insider Selling: Alliance Laundry (NYSE:ALH) COO Sells $1,578,750.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $21.05, for a total value of $1,578,750.00. Following the sale, the chief operating officer directly owned 374,563 shares in the company, valued at $7,884,551.15. The trade was a 16.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Trading Up 2.0%

ALH stock traded up $0.42 during midday trading on Wednesday, hitting $21.52. 1,042,156 shares of the company’s stock were exchanged, compared to its average volume of 958,820. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $28.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. The company has a market cap of $4.28 billion and a PE ratio of 23.64. The stock’s fifty day moving average price is $24.64 and its 200-day moving average price is $24.14.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $476.75 million during the quarter. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. Research analysts predict that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ALH. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley increased their price objective 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. Robert W. Baird raised their price objective on shares of Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Citigroup boosted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Institutional Trading of Alliance Laundry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Alliance Laundry during the second quarter valued at approximately $36,000. HighTower Advisors LLC raised its stake in shares of Alliance Laundry by 3.5% during the 2nd quarter. HighTower Advisors LLC now owns 16,410 shares of the company’s stock worth $435,000 after purchasing an additional 556 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Alliance Laundry in the 2nd quarter valued at approximately $999,000. Corient Private Wealth LP bought a new position in shares of Alliance Laundry in the second quarter valued at $1,182,000. Finally, Bank of America Corp DE bought a new stake in Alliance Laundry during the second quarter worth $14,037,000.

Alliance Laundry Company Profile

Alliance Laundry Holdings, Inc (NYSE: ALH) is a manufacturer of commercial, industrial and residential laundry equipment. Through Alliance Laundry Systems, the company develops and produces washing machines, dryers and related laundry systems for laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial users.

The company’s portfolio includes brands such as Speed Queen, Huebsch, UniMac, Primus and IPSO. Its offerings include coin-operated and card-operated machines, on-premises laundry equipment, industrial laundry systems and related controls, parts and services.