Corient Private Wealth LP Invests $1.18 Million in Alliance Laundry Holdings Inc. $ALH

Corient Private Wealth LP bought a new position in Alliance Laundry Holdings Inc. (NYSE:ALH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,579 shares of the company’s stock, valued at approximately $1,182,000.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Alliance Laundry by 74.5% during the 1st 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 last quarter. GAMMA Investing LLC boosted its stake in Alliance Laundry by 11,068.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock worth $47,000 after purchasing an additional 1,771 shares during the period. Comerica Bank purchased a new position in shares of Alliance Laundry during the 4th quarter valued at $50,000. California State Teachers Retirement System purchased a new stake in Alliance Laundry in the fourth quarter valued at approximately $55,000. Finally, State of Wyoming bought a new stake in Alliance Laundry during the second quarter worth about $74,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Morgan Stanley raised their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. raised their target price on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Robert W. Baird upped their price objective on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Zacks Research lowered Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Alliance Laundry has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Buying and Selling

In other Alliance Laundry news, insider Amanda Kopetsky sold 13,472 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the transaction, the insider owned 7,331 shares of the company’s stock, valued at approximately $197,937. This trade represents a 64.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Hannan sold 6,000 shares of Alliance Laundry stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the transaction, the insider owned 286,066 shares in the company, valued at approximately $7,666,568.80. This represents a 2.05% 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. Insiders sold 212,528 shares of company stock worth $5,439,521 over the last 90 days. 7.60% of the stock is currently owned by company insiders.

Alliance Laundry Price Performance

Shares of Alliance Laundry stock opened at $22.77 on Friday. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23. The stock has a market capitalization of $4.53 billion and a P/E ratio of 25.02. The business has a 50 day simple moving average of $25.25 and a two-hundred day simple moving average of $24.22. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. The firm had revenue of $476.75 million for the quarter. As a group, analysts predict that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current fiscal year.

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.