Janus Henderson Group PLC Takes $527,000 Position in Alliance Laundry Holdings Inc. $ALH

Janus Henderson Group PLC purchased a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,400 shares of the company’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after purchasing an additional 608 shares during the period. Comerica Bank purchased a new position in shares of Alliance Laundry in the 4th quarter worth approximately $50,000. California State Teachers Retirement System bought a new position in shares of Alliance Laundry during the 4th quarter valued at approximately $55,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Alliance Laundry during the 4th quarter valued at approximately $63,000. Finally, Russell Investments Group Ltd. purchased a new stake in Alliance Laundry during the 4th quarter valued at $71,000.

Alliance Laundry Stock Down 4.8%

Shares of NYSE:ALH opened at $26.45 on Tuesday. The business’s 50 day moving average is $26.01 and its 200 day moving average is $24.06. The stock has a market cap of $5.25 billion and a P/E ratio of 31.87. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $28.23. 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 for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. During the same period last year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Sell-side analysts predict that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Insider Transactions at Alliance Laundry

In related news, CAO Brian Christopher Sikora sold 17,500 shares of Alliance Laundry stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at $364,818.65. The trade was a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. 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 of the company’s stock, valued at approximately $15,372,795.32. This trade represents a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 137,528 shares of company stock worth $3,583,271. Corporate insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

ALH has been the subject of several recent analyst reports. Robert W. Baird lifted 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 raised their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Zacks Research cut shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. 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, Morgan Stanley increased their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.33.

Alliance Laundry 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.