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 stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $21.05, for a total transaction of $1,578,750.00. Following the completion of the sale, the chief operating officer directly owned 374,563 shares in the company, valued at approximately $7,884,551.15. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

Shares of ALH opened at $21.59 on Friday. The firm has a market capitalization of $4.29 billion and a price-to-earnings ratio of 23.73. The firm’s fifty day simple moving average is $24.38 and its 200-day simple moving average is $24.11. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $28.23. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ALH shares. Citigroup raised their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Robert W. Baird increased their price target on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Morgan Stanley raised their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Institutional Trading of Alliance Laundry

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of Alliance Laundry by 1,683.8% in the 1st quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock valued at $996,000 after purchasing an additional 45,310 shares during the period. BDT Capital Partners LLC acquired a new position in Alliance Laundry during the second quarter worth approximately $3,732,734,978. Deutsche Bank AG purchased a new stake in Alliance Laundry in the second quarter valued at approximately $1,187,000. Element Capital Management LLC purchased a new stake in Alliance Laundry in the fourth quarter valued at approximately $2,544,000. Finally, Norges Bank acquired a new stake in shares of Alliance Laundry in the fourth quarter valued at approximately $55,962,000.

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.