Alliance Laundry (NYSE:ALH) Insider Samantha Leigh Hannan Sells 6,000 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Samantha Leigh Hannan sold 6,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $26.27, for a total transaction of $157,620.00. Following the completion of the sale, the insider directly owned 292,066 shares in the company, valued at approximately $7,672,573.82. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed 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.

Samantha Leigh Hannan also recently made the following trade(s):

• On Monday, June 15th, Samantha Leigh Hannan sold 6,000 shares of Alliance Laundry stock. The stock was sold at an average price of $25.66, for a total transaction of $153,960.00.

Alliance Laundry Stock Down 1.1%

ALH traded down $0.29 during midday trading on Thursday, reaching $25.80. 359,226 shares of the company’s stock were exchanged, compared to its average volume of 875,114. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The company’s 50-day moving average is $25.36. The company has a market cap of $5.12 billion and a price-to-earnings ratio of 31.08. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. As a group, research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Morgan Stanley lifted their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Finally, Citigroup boosted their price target on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alliance Laundry presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BDT Capital Partners LLC acquired a new position in shares of Alliance Laundry in the 4th quarter valued at $2,864,297,000. Capital International Investors acquired a new position in Alliance Laundry in the 4th quarter worth $101,498,000. Vanguard Group Inc. bought a new position in Alliance Laundry during the 4th quarter worth about $76,161,000. Norges Bank bought a new position in Alliance Laundry during the 4th quarter worth about $55,962,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Alliance Laundry in the 4th quarter valued at about $48,234,000.

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.