Key Points
- Insider sale: COO Jan Gommaar Vleugels sold 75,000 Alliance Laundry shares for approximately $1.86 million at $24.75 each under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 14.3% to 449,563 shares.
- Quarterly performance: Alliance Laundry reported adjusted earnings of $0.41 per share, exceeding the $0.35 analyst consensus, on revenue of $476.75 million. The company posted a 10.08% net margin and 81.92% return on equity.
- Analyst outlook: The stock carries a “Moderate Buy” consensus rating, with four Buy and three Hold ratings and an average price target of $31.20, above its reported opening price of $23.85.
Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) COO Jan Gommaar Vleugels sold 75,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.75, for a total value of $1,856,250.00. Following the transaction, the chief operating officer directly owned 449,563 shares of the company's stock, valued at $11,126,684.25. The trade was a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alliance Laundry Price Performance
Alliance Laundry stock opened at $23.85 on Thursday. The company has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $24.23. The firm has a market capitalization of $4.74 billion and a price-to-earnings ratio of 26.21. The company has a quick ratio of 1.14, a current ratio of 1.43 and a debt-to-equity ratio of 3.35. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $28.23.
Alliance Laundry (NYSE:ALH - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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. On average, equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ALH. Citigroup upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Zacks Research downgraded Alliance Laundry from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Alliance Laundry from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Robert W. Baird raised their target price 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, Morgan Stanley lifted their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.20.
Get Our Latest Stock Report on Alliance Laundry
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ALH. Teacher Retirement System of Texas acquired a new stake in shares of Alliance Laundry in the 4th quarter valued at $6,105,000. California State Teachers Retirement System grew its stake 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 purchasing an additional 45,310 shares in the last quarter. Element Capital Management LLC purchased a new position in Alliance Laundry in the fourth quarter valued at $2,544,000. Norges Bank purchased a new position in Alliance Laundry in the fourth quarter valued at $55,962,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alliance Laundry in the fourth quarter valued at $3,209,000.
About Alliance Laundry
(
Get Free Report)
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.
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