Jan Gommaar Vleugels Sells 75,000 Shares of Alliance Laundry (NYSE:ALH) Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer owned 599,563 shares of the company’s stock, valued at $15,372,795.32. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Trading Up 3.5%

Shares of ALH opened at $26.88 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The business’s 50-day moving average is $25.04. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $27.48. The firm has a market capitalization of $5.34 billion and a price-to-earnings ratio of 32.38.

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

Hedge Funds Weigh In On Alliance Laundry

Several hedge funds have recently bought and sold shares of ALH. BDT Capital Partners LLC purchased a new stake in shares of Alliance Laundry in the fourth quarter valued at $2,864,297,000. Capital International Investors purchased a new stake in Alliance Laundry during the 4th quarter worth about $101,498,000. Vanguard Group Inc. acquired a new position in Alliance Laundry in the 4th quarter valued at about $76,161,000. Norges Bank purchased a new position in Alliance Laundry in the 4th quarter valued at about $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Alliance Laundry in the 4th quarter valued at about $48,234,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALH. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Morgan Stanley lifted their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Citigroup raised 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alliance Laundry has a consensus rating of “Moderate Buy” and an average price target 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.