Alliance Laundry (NYSE:ALH) CAO Brian Christopher Sikora Sells 17,500 Shares

Alliance Laundry Holdings Inc. (NYSE:ALH) CAO Brian Christopher Sikora sold 17,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer owned 13,951 shares of the company’s stock, valued at approximately $364,818.65. The trade was a 55.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Down 0.4%

ALH stock opened at $26.06 on Thursday. The firm has a market cap of $5.18 billion and a P/E ratio of 31.40. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. The business’s fifty day moving average price is $24.95. Alliance Laundry Holdings Inc. has a 52 week low of $18.64 and a 52 week high of $27.48.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upped their price objective on Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Robert W. Baird upped their price objective on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley increased their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Trading of Alliance Laundry

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Alliance Laundry by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after acquiring an additional 608 shares in the last quarter. Comerica Bank acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at about $50,000. California State Teachers Retirement System acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at about $55,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at about $63,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Alliance Laundry during the fourth quarter valued at about $71,000.

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.