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 company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $26.27, for a total value of $157,620.00. Following the completion of the transaction, the insider owned 292,066 shares of the company’s stock, valued at $7,672,573.82. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $25.66, for a total value of $153,960.00.

Alliance Laundry Price Performance

NYSE:ALH opened at $25.80 on Friday. The stock has a 50 day moving average price of $25.39. The company has a market cap of $5.12 billion and a P/E ratio of 31.08. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $27.48. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. Alliance Laundry’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. As a group, sell-side analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley boosted their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Citigroup raised their price objective on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Robert W. Baird lifted their price objective on Alliance Laundry from $29.00 to $32.00 and gave the stock 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALH. Teacher Retirement System of Texas purchased a new stake in Alliance Laundry during the 4th quarter valued at $6,105,000. Element Capital Management LLC purchased a new position in shares of Alliance Laundry in the fourth quarter valued at about $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $3,209,000. Massachusetts Financial Services Co. MA bought a new position in shares of Alliance Laundry during the fourth quarter valued at about $14,951,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Alliance Laundry during the fourth quarter worth about $76,161,000.

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.