Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells 6,000 Shares of 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 stock was sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the insider owned 298,066 shares in the company, valued at approximately $7,648,373.56. The trade was a 1.97% decrease in their ownership of the stock. The sale 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 Stock Down 0.4%

Shares of ALH stock traded down $0.11 during trading hours on Wednesday, hitting $26.06. 758,336 shares of the company were exchanged, compared to its average volume of 875,386. The stock has a market cap of $5.18 billion and a price-to-earnings ratio of 31.40. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year 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. The business’s fifty day moving average price is $24.86.

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 the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. Alliance Laundry’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. Analysts expect that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALH shares. Robert W. Baird increased their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Morgan Stanley raised their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in Alliance Laundry in the first quarter valued at approximately $527,000. California State Teachers Retirement System grew its position in shares of Alliance Laundry by 1,683.8% during the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock worth $996,000 after buying an additional 45,310 shares in the last quarter. Royal Bank of Canada grew its position in shares of Alliance Laundry by 32.5% during the first quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock worth $713,000 after buying an additional 8,421 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alliance Laundry by 108.8% during the first quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company’s stock worth $694,000 after buying an additional 17,434 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Alliance Laundry in the first quarter worth $384,000.

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.