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 that occurred on Monday, August 3rd. The stock was sold at an average price of $26.80, for a total value of $160,800.00. Following the transaction, the insider directly owned 286,066 shares of the company’s stock, valued at approximately $7,666,568.80. This trade represents a 2.05% decrease in their ownership of the stock. The sale 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 Wednesday, July 1st, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $26.27, for a total value of $157,620.00.
• On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $25.66, for a total value of $153,960.00.

Alliance Laundry Trading Up 0.3%

NYSE:ALH opened at $28.01 on Thursday. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $28.23. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. The stock has a fifty day moving average price of $25.90 and a two-hundred day moving average price of $23.96. The stock has a market capitalization of $5.56 billion and a price-to-earnings ratio of 33.75.

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

Wall Street Analyst Weigh In

ALH has been the topic of several recent analyst reports. Citigroup upped their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Robert W. Baird boosted their price target on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, 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 note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.33.

Institutional Investors Weigh In On Alliance Laundry

A number of large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new stake in shares of Alliance Laundry in the fourth quarter valued at about $6,105,000. Element Capital Management LLC purchased a new position in shares of Alliance Laundry during the 4th quarter worth approximately $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alliance Laundry during the 4th quarter worth approximately $3,209,000. Massachusetts Financial Services Co. MA purchased a new stake in Alliance Laundry in the 4th quarter valued at approximately $14,951,000. Finally, Norges Bank purchased a new stake in Alliance Laundry in the 4th quarter valued at approximately $55,962,000.

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.