Alliance Laundry Holdings Inc. (NYSE:ALH – Get Free Report) insider Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $26.27, for a total value of $157,620.00. Following the completion of the sale, the insider directly owned 292,066 shares in the company, valued at approximately $7,672,573.82. This represents a 2.01% decrease in their position. The sale 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.
Samantha Leigh Hannan also recently made the following trade(s):
- On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The shares were sold at an average price of $25.66, for a total value of $153,960.00.
Alliance Laundry Price Performance
NYSE:ALH traded down $0.29 during trading hours on Thursday, reaching $25.80. 359,226 shares of the stock were exchanged, compared to its average volume of 875,114. The stock has a market capitalization of $5.12 billion and a PE ratio of 31.08. Alliance Laundry Holdings Inc. has a twelve month low of $18.64 and a twelve month high of $27.48. The company’s 50 day simple moving average is $25.36. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00.
Analysts Set New Price Targets
A number of research analysts have recently commented on ALH shares. Robert W. Baird lifted their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Morgan Stanley raised their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Citigroup lifted their price target on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. One 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 stock. According to MarketBeat, Alliance Laundry presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.
View Our Latest Stock Report on ALH
Institutional Trading of Alliance Laundry
Institutional investors have recently bought and sold shares of the company. BDT Capital Partners LLC bought a new position in shares of Alliance Laundry during the 4th quarter worth approximately $2,864,297,000. Capital International Investors bought a new stake in shares of Alliance Laundry during the fourth quarter worth about $101,498,000. Vanguard Group Inc. purchased a new stake in shares of Alliance Laundry in the fourth quarter worth approximately $76,161,000. Norges Bank purchased a new stake in Alliance Laundry in the 4th quarter valued at $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Alliance Laundry in the fourth quarter valued at about $48,234,000.
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.
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