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 value of $1,923,000.00. Following the transaction, the chief operating officer directly owned 599,563 shares in the company, valued at $15,372,795.32. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Down 0.4%

Shares of NYSE ALH traded down $0.11 during midday trading on Wednesday, reaching $26.06. The company had a trading volume of 758,336 shares, compared to its average volume of 875,386. The company has a market cap of $5.18 billion and a PE ratio of 31.40. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48. The company’s fifty day simple moving average is $24.86. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37.

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

Analyst Ratings Changes

ALH has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Robert W. Baird upped their target price on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alliance Laundry has an average rating of “Moderate Buy” and an average target price of $30.00.

Institutional Trading of Alliance Laundry

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Alliance Laundry by 74.5% in 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 in the last quarter. Comerica Bank bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $50,000. California State Teachers Retirement System purchased a new stake in Alliance Laundry in the fourth quarter worth $55,000. Caitong International Asset Management Co. Ltd purchased a new stake in Alliance Laundry in the fourth quarter worth $63,000. Finally, Russell Investments Group Ltd. bought a new position in Alliance Laundry in the fourth quarter worth $71,000.

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.