Alliance Laundry (NYSE:ALH) Insider Samantha Leigh Hannan Sells 6,000 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total transaction of $160,800.00. Following the sale, the insider owned 286,066 shares of the company’s stock, valued at approximately $7,666,568.80. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samantha Leigh Hannan also recently made the following trade(s):

• On Wednesday, July 1st, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $26.27, for a total transaction of $157,620.00.
• On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $25.66, for a total transaction of $153,960.00.

Alliance Laundry Stock Performance

Alliance Laundry stock opened at $27.92 on Wednesday. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.16. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. The stock has a market cap of $5.54 billion and a P/E ratio of 33.63. The firm’s fifty day moving average price is $25.85 and its 200-day moving average price is $23.92.

Alliance Laundry (NYSE:ALH) last announced its earnings results 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 company had revenue of $426.89 million during the quarter. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities research analysts expect 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 several recent research reports. Citigroup increased their price objective on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research lowered Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley increased their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Finally, Robert W. Baird lifted their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Alliance Laundry presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB bought a new stake in shares of Alliance Laundry in the 2nd quarter valued at about $446,000. GAMMA Investing LLC boosted its holdings in Alliance Laundry by 11,068.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after acquiring an additional 1,771 shares during the period. Janus Henderson Group PLC bought a new position in Alliance Laundry during the 1st quarter worth approximately $527,000. California State Teachers Retirement System grew its position in Alliance Laundry by 1,683.8% during the 1st quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock worth $996,000 after acquiring an additional 45,310 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Alliance Laundry by 32.5% in the 1st quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock worth $713,000 after purchasing an additional 8,421 shares during the period.

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.