Key Points
- Alliance Laundry COO Jan Gommaar Vleugels sold 75,000 shares at an average price of $21.05, totaling $1.58 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 16.68% to 374,563 shares.
- ALH recently reported quarterly EPS of $0.41, beating estimates of $0.35, on revenue of $476.75 million. The company has a $4.28 billion market capitalization and a 10.08% net margin.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $31.20, well above the reported opening price of $21.52.
Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) COO Jan Gommaar Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $21.05, for a total value of $1,578,750.00. Following the sale, the chief operating officer directly owned 374,563 shares of the company's stock, valued at $7,884,551.15. This trade represents a 16.68% decrease in their position. The transaction 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 Price Performance
Shares of NYSE:ALH opened at $21.52 on Thursday. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $28.23. The company's 50 day moving average is $24.56 and its 200 day moving average is $24.14. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. The company has a market cap of $4.28 billion and a PE ratio of 23.64.
Alliance Laundry (NYSE:ALH - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $476.75 million during the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. On average, sell-side analysts forecast that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current year.
Hedge Funds Weigh In On Alliance Laundry
Several institutional investors have recently made changes to their positions in ALH. HighTower Advisors LLC grew its position in Alliance Laundry by 3.5% during the second quarter. HighTower Advisors LLC now owns 16,410 shares of the company's stock valued at $435,000 after buying an additional 556 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Alliance Laundry by 74.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company's stock worth $30,000 after acquiring an additional 608 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Alliance Laundry by 7.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company's stock worth $267,000 after acquiring an additional 885 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Alliance Laundry during the 2nd quarter worth about $36,000. Finally, GAMMA Investing LLC grew its position in shares of Alliance Laundry by 11,068.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,787 shares of the company's stock valued at $47,000 after acquiring an additional 1,771 shares during the period.
Analyst Upgrades and Downgrades
ALH has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Alliance Laundry from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. BMO Capital Markets increased their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Monday, August 17th. Morgan Stanley lifted their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, May 29th. Citigroup upped their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alliance Laundry in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alliance Laundry currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.
Check Out Our Latest Stock Report on ALH
Alliance Laundry Company Profile
(
Get Free Report)
Alliance Laundry Holdings, Inc (NYSE: ALH) is a manufacturer of commercial, industrial and residential laundry equipment. Through Alliance Laundry Systems, the company develops and produces washing machines, dryers and related laundry systems for laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial users.
The company's portfolio includes brands such as Speed Queen, Huebsch, UniMac, Primus and IPSO. Its offerings include coin-operated and card-operated machines, on-premises laundry equipment, industrial laundry systems and related controls, parts and services.
Further Reading
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