Alliance Laundry (NYSE:ALH) CAO Sells $457,625.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were 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 owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their position. 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.

Alliance Laundry Stock Performance

Alliance Laundry stock opened at $26.88 on Friday. The business’s 50 day moving average is $25.11. The firm has a market cap of $5.34 billion and a price-to-earnings ratio of 32.38. 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 Holdings Inc. has a one year low of $18.64 and a one year high of $27.48.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share 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 period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ALH shares. 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. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Investors Weigh In On Alliance Laundry

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after purchasing an additional 608 shares during the last quarter. Comerica Bank bought a new stake in Alliance Laundry in the fourth quarter valued at about $50,000. California State Teachers Retirement System acquired a new stake in Alliance Laundry during the fourth quarter valued at approximately $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in Alliance Laundry during the fourth quarter valued at approximately $63,000. Finally, Russell Investments Group Ltd. bought a new position in Alliance Laundry during the 4th quarter worth approximately $71,000.

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.