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 company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the sale, the chief operating officer directly owned 599,563 shares in the company, valued at $15,372,795.32. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

NYSE ALH traded down $0.11 during trading hours on Wednesday, reaching $26.06. 758,336 shares of the company’s stock traded hands, compared to its average volume of 875,386. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week 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 business’s 50-day simple moving average is $24.86. The company has a market cap of $5.18 billion and a price-to-earnings ratio of 31.40.

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

Hedge Funds Weigh In On Alliance Laundry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new stake in Alliance Laundry during the 4th quarter valued at $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Alliance Laundry during the fourth quarter valued at $3,209,000. Teacher Retirement System of Texas bought a new position in shares of Alliance Laundry during the fourth quarter valued at $6,105,000. Vanguard Group Inc. purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $76,161,000. Finally, UBS Group AG bought a new stake in Alliance Laundry in the 4th quarter worth about $19,411,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALH shares. Morgan Stanley raised their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Citigroup increased their price objective 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. One research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

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.