29,043 Shares in Alliance Laundry Holdings Inc. $ALH Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,043 shares of the company’s stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in 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 buying an additional 608 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Alliance Laundry by 11,068.8% in the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after buying an additional 1,771 shares during the period. Comerica Bank purchased a new position in shares of Alliance Laundry during the 4th quarter valued at $50,000. California State Teachers Retirement System purchased a new position in shares of Alliance Laundry during the 4th quarter valued at $55,000. Finally, State of Wyoming bought a new position in shares of Alliance Laundry during the 2nd quarter worth $74,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ALH shares. Citigroup boosted their price objective on Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley increased their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird lifted their target price on shares of Alliance Laundry from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Alliance Laundry in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Alliance Laundry Price Performance

Alliance Laundry stock opened at $23.87 on Tuesday. The firm has a market capitalization of $4.74 billion and a P/E ratio of 26.23. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $28.23. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. The business has a fifty day moving average price of $25.86 and a 200-day moving average price of $24.26.

Alliance Laundry (NYSE:ALH) last released 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. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%.The company had revenue of $476.75 million for the quarter. As a group, equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.33 EPS for the current year.

Insider Buying and Selling

In other news, insider Amanda Brooke Kopetsky sold 13,472 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total value of $363,744.00. Following the completion of the transaction, the insider directly owned 7,331 shares in the company, valued at approximately $197,937. This trade represents a 64.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $26.15, for a total transaction of $457,625.00. Following the transaction, the chief accounting officer directly owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 212,528 shares of company stock valued at $5,439,521. Corporate insiders own 7.60% of the company’s stock.

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.