Alliance Laundry (NYSE:ALH) COO Jan Gommaar Vleugels Sells 75,000 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALHGet Free Report) COO Jan Gommaar Vleugels sold 75,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $24.75, for a total transaction of $1,856,250.00. Following the sale, the chief operating officer directly owned 449,563 shares of the company’s stock, valued at approximately $11,126,684.25. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Performance

NYSE:ALH traded up $0.21 during mid-day trading on Wednesday, hitting $24.21. 4,420,077 shares of the company’s stock traded hands, compared to its average volume of 842,326. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23. The firm has a 50 day moving average of $26.02 and a two-hundred day moving average of $24.22. The firm has a market capitalization of $4.81 billion and a price-to-earnings ratio of 26.62. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35.

Alliance Laundry (NYSE:ALHGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company 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, equities analysts forecast that Alliance Laundry Holdings Inc. will post 1.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alliance Laundry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 608 shares during the period. GAMMA Investing LLC raised its holdings in shares of Alliance Laundry by 11,068.8% during the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after purchasing an additional 1,771 shares during the last quarter. Comerica Bank bought a new position in Alliance Laundry in the fourth quarter worth approximately $50,000. California State Teachers Retirement System bought a new stake in Alliance Laundry during the 4th quarter valued at approximately $55,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Alliance Laundry in the 4th quarter worth approximately $63,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALH. JPMorgan Chase & Co. raised their target price on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Citigroup lifted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Robert W. Baird boosted their price target on Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. BMO Capital Markets lifted their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Read Our Latest Report on ALH

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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