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 the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $26.27, for a total transaction of $157,620.00. Following the transaction, the insider owned 292,066 shares in the company, valued at $7,672,573.82. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Trading Down 1.1%

ALH opened at $25.80 on Friday. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $27.48. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $5.12 billion and a P/E ratio of 31.08. The firm has a fifty day moving average of $25.36.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. Alliance Laundry’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Institutional Trading of Alliance Laundry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALH. BDT Capital Partners LLC purchased a new position in shares of Alliance Laundry during the fourth quarter valued at approximately $2,864,297,000. Capital International Investors purchased a new stake in Alliance Laundry in the 4th quarter valued at $101,498,000. Vanguard Group Inc. bought a new position in Alliance Laundry during the 4th quarter valued at $76,161,000. Norges Bank purchased a new position in Alliance Laundry during the 4th quarter worth $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Alliance Laundry during the 4th quarter worth $48,234,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALH. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Morgan Stanley upped their target price on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Citigroup lifted their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Robert W. Baird boosted their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Alliance Laundry Company Profile

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.