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

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the sale, the insider directly owned 298,066 shares of the company’s stock, valued at approximately $7,648,373.56. The trade was a 1.97% decrease in their ownership of the stock. The transaction 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 Stock Up 3.5%

Shares of Alliance Laundry stock opened at $26.88 on Friday. The stock has a 50 day moving average price of $25.04. 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 Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $27.48. The stock has a market cap of $5.34 billion and a P/E ratio of 32.38.

Alliance Laundry (NYSE:ALH) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. As a group, equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ALH shares. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Citigroup increased their price target on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Morgan Stanley boosted their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Robert W. Baird upped their price objective on shares of 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 issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Hedge Funds Weigh In On Alliance Laundry

Several hedge funds have recently made changes to their positions in ALH. PNC Financial Services Group Inc. lifted its position 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 period. Comerica Bank purchased a new position in shares of Alliance Laundry in the fourth quarter worth about $50,000. California State Teachers Retirement System purchased a new position in shares of Alliance Laundry in the fourth quarter worth about $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Alliance Laundry during the fourth quarter worth about $63,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Alliance Laundry during the fourth quarter worth about $71,000.

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.