Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells $153,960.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the transaction, the insider owned 298,066 shares of the company’s stock, valued at approximately $7,648,373.56. This represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Trading Down 0.0%

ALH stock opened at $26.88 on Friday. The stock has a market cap of $5.34 billion and a PE ratio of 32.38. The business’s 50-day moving average price is $25.11. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $27.48. 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 posted 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 previous year, the firm posted $0.20 EPS. The company’s revenue 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 year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Robert W. Baird raised their price objective 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. Citigroup lifted 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. Wall Street Zen raised shares of Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Institutional Investors Weigh In On Alliance Laundry

Large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new position in Alliance Laundry in the fourth quarter valued at $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alliance Laundry in the fourth quarter valued at approximately $3,209,000. Teacher Retirement System of Texas acquired a new position in Alliance Laundry in the 4th quarter valued at $6,105,000. Vanguard Group Inc. acquired a new position in shares of Alliance Laundry during the fourth quarter worth about $76,161,000. Finally, UBS Group AG purchased a new position in shares of Alliance Laundry during the 4th quarter worth approximately $19,411,000.

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.