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

Alliance Laundry Holdings Inc. (NYSE:ALH) COO Jan Gommaar Vleugels sold 75,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 449,563 shares in the company, valued at approximately $11,126,684.25. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

Shares of NYSE:ALH opened at $23.06 on Friday. The company has a 50 day moving average of $25.94 and a 200 day moving average of $24.24. 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 stock has a market cap of $4.58 billion and a P/E ratio of 25.34. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23.

Alliance Laundry (NYSE:ALH) last posted its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $476.75 million for the quarter. As a group, sell-side analysts forecast that Alliance Laundry Holdings Inc. will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Alliance Laundry

A number of hedge funds and other institutional investors have recently modified their holdings of ALH. BDT Capital Partners LLC purchased a new position in Alliance Laundry in the 4th quarter worth approximately $2,864,297,000. Capital International Investors purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $101,498,000. Vanguard Group Inc. bought a new position in shares of Alliance Laundry in the fourth quarter worth approximately $76,161,000. BlackRock Inc. bought a new position in shares of Alliance Laundry in the second quarter worth approximately $85,422,000. Finally, Norges Bank purchased a new position in shares of Alliance Laundry in the fourth quarter worth $55,962,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALH. BMO Capital Markets boosted their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley boosted their price objective on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Citigroup upped their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Robert W. Baird raised their target price on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.20.

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.