Sei Investments Co. Buys 22,988 Shares of Alliance Laundry Holdings Inc. $ALH

Sei Investments Co. lifted its stake in shares of Alliance Laundry Holdings Inc. (NYSE:ALH) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,884 shares of the company’s stock after buying an additional 22,988 shares during the period. Sei Investments Co. owned about 0.13% of Alliance Laundry worth $5,535,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ALH. Teacher Retirement System of Texas acquired a new position in Alliance Laundry in the 4th quarter worth about $6,105,000. Element Capital Management LLC acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at about $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alliance Laundry during the fourth quarter worth about $3,209,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Alliance Laundry during the fourth quarter worth about $14,951,000. Finally, Norges Bank acquired a new position in shares of Alliance Laundry in the fourth quarter valued at approximately $55,962,000.

Insider Activity

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at $364,818.65. This represents a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.64, for a total transaction of $1,923,000.00. Following the sale, the chief operating officer owned 599,563 shares of the company’s stock, valued at approximately $15,372,795.32. This trade represents a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 137,528 shares of company stock valued at $3,583,271. Company insiders own 7.60% of the company’s stock.

Alliance Laundry Price Performance

Shares of ALH opened at $27.92 on Wednesday. The business has a 50-day moving average of $25.85 and a 200-day moving average of $23.92. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The company has a market capitalization of $5.54 billion and a price-to-earnings ratio of 33.63. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $28.16.

Alliance Laundry (NYSE:ALH) last announced its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. During the same quarter in the previous year, the firm earned $0.20 EPS. Alliance Laundry’s revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on ALH. Citigroup lifted their target price 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. Zacks Research cut shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley raised their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Robert W. Baird lifted their price target on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Alliance Laundry Company Profile

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.