Sei Investments Co. boosted its holdings in Alliance Laundry Holdings Inc. (NYSE:ALH – Free Report) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 266,884 shares of the company’s stock after purchasing an additional 22,988 shares during the quarter. Sei Investments Co.’s holdings in Alliance Laundry were worth $5,535,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after buying an additional 608 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Alliance Laundry by 7.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock valued at $267,000 after acquiring an additional 885 shares in the last quarter. Comerica Bank acquired a new position in shares of Alliance Laundry during the 4th quarter valued at $50,000. California State Teachers Retirement System acquired a new position in shares of Alliance Laundry during the 4th quarter valued at $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Alliance Laundry during the fourth quarter worth $63,000.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ALH shares. Robert W. Baird lifted their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley raised their target price 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 boosted their target price on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Alliance Laundry presently has a consensus rating of “Hold” and a consensus price target of $30.33.
Insider Buying and Selling at Alliance Laundry
In other Alliance Laundry news, COO Jan Gommaar M. Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the completion of the transaction, the chief operating officer owned 599,563 shares in the company, valued at approximately $15,372,795.32. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer directly owned 13,951 shares of the company’s stock, valued at $364,818.65. This represents a 55.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,528 shares of company stock worth $3,583,271 in the last quarter. 7.60% of the stock is owned by insiders.
Alliance Laundry Stock Performance
ALH opened at $27.92 on Wednesday. Alliance Laundry Holdings Inc. has a 1-year low of $18.64 and a 1-year high of $28.16. The company has a market cap of $5.54 billion and a price-to-earnings ratio of 33.63. The company’s fifty day moving average price is $25.85 and its two-hundred day moving average price is $23.92. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00.
Alliance Laundry (NYSE:ALH – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $426.89 million for the quarter. Alliance Laundry’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. On average, analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than Alliance Laundry
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Want to see what other hedge funds are holding ALH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Laundry Holdings Inc. (NYSE:ALH – Free Report).
Receive News & Ratings for Alliance Laundry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Laundry and related companies with MarketBeat.com's FREE daily email newsletter.
