Alliance Laundry (NYSE:ALH) COO Sells $1,856,250.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $24.75, for a total value of $1,856,250.00. Following the transaction, the chief operating officer directly owned 449,563 shares in the company, valued at approximately $11,126,684.25. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Up 1.4%

Shares of NYSE:ALH opened at $23.50 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $28.23. The business’s 50 day simple moving average is $25.90 and its two-hundred day simple moving average is $24.23. The firm has a market cap of $4.67 billion and a P/E ratio of 25.82.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%.The firm had revenue of $476.75 million during the quarter. As a group, research analysts forecast that Alliance Laundry Holdings Inc. will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Alliance Laundry by 74.5% during the 1st 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 last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Alliance Laundry by 7.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock valued at $267,000 after purchasing an additional 885 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Alliance Laundry by 11,068.8% in the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after purchasing an additional 1,771 shares during the last quarter. Comerica Bank bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $50,000. Finally, California State Teachers Retirement System bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $55,000.

Wall Street Analysts Forecast Growth

ALH has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a report on Friday, August 7th. Robert W. Baird lifted their price objective on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th. BMO Capital Markets boosted their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Morgan Stanley upped their target price 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, Citigroup raised their price target 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

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.