Wellington Management Group LLP Has $65.53 Million Stock Holdings in Alliance Laundry Holdings Inc. $ALH

Wellington Management Group LLP decreased its holdings in shares of Alliance Laundry Holdings Inc. (NYSE:ALHFree Report) by 16.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,471,105 shares of the company’s stock after selling 477,142 shares during the quarter. Wellington Management Group LLP’s holdings in Alliance Laundry were worth $65,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ALH. BDT Capital Partners LLC acquired a new position in shares of Alliance Laundry during the fourth quarter worth approximately $2,864,297,000. Capital International Investors acquired a new stake in shares of Alliance Laundry in the fourth quarter worth $101,498,000. Vanguard Group Inc. bought a new position in Alliance Laundry during the fourth quarter worth $76,161,000. BlackRock Inc. bought a new position in Alliance Laundry during the second quarter worth $85,422,000. Finally, Norges Bank acquired a new position in Alliance Laundry during the 4th quarter valued at $55,962,000.

Insider Transactions at Alliance Laundry

In other news, insider Samantha Leigh Hannan sold 6,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $26.80, for a total transaction of $160,800.00. Following the transaction, the insider owned 286,066 shares of the company’s stock, valued at $7,666,568.80. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Brooke Kopetsky sold 13,472 shares of Alliance Laundry stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total value of $363,744.00. Following the completion of the sale, the insider owned 7,331 shares of the company’s stock, valued at approximately $197,937. The trade was a 64.76% 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 212,528 shares of company stock worth $5,439,521 in the last quarter. 7.60% of the stock is owned by corporate insiders.

Alliance Laundry Stock Up 0.8%

Shares of NYSE ALH opened at $22.43 on Thursday. The firm’s 50-day simple moving average is $25.40 and its 200 day simple moving average is $24.23. The company has a market cap of $4.46 billion and a price-to-earnings ratio of 24.65. 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 12-month low of $18.64 and a 12-month high of $28.23.

Alliance Laundry (NYSE:ALHGet Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 during the quarter. On average, research analysts expect that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALH has been the subject of a number of research reports. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Citigroup increased their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. BMO Capital Markets lifted their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. increased their price target on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Laundry in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alliance Laundry presently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Get Our Latest Stock Report on ALH

About Alliance Laundry

(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.

See Also

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:ALHFree Report).

Institutional Ownership by Quarter for Alliance Laundry (NYSE:ALH)

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