Alliance Laundry Holdings Inc. $ALH Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Alliance Laundry Holdings Inc. (NYSE:ALH) by 16.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,471,105 shares of the company’s stock after selling 477,142 shares during the quarter. Wellington Management Group LLP owned 1.24% of Alliance Laundry worth $65,534,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after acquiring an additional 608 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Alliance Laundry by 11,068.8% during the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock worth $47,000 after purchasing an additional 1,771 shares during the period. Comerica Bank purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $50,000. California State Teachers Retirement System purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at $55,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Alliance Laundry in the 4th quarter valued at $63,000.

Alliance Laundry Price Performance

NYSE ALH opened at $22.43 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.43 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $4.46 billion and a PE ratio of 24.65. The company has a 50 day moving average price of $25.40 and a two-hundred day moving average price of $24.23. 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 announced its quarterly earnings results on Thursday, August 13th. The company reported $0.41 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 company had revenue of $476.75 million for the quarter. As a group, equities analysts predict that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alliance Laundry news, insider Amanda Brooke Kopetsky sold 13,472 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the sale, the insider owned 7,331 shares of the company’s stock, valued at $197,937. This represents a 64.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Alliance Laundry 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 completion of the transaction, the chief accounting officer directly owned 13,951 shares in the company, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 212,528 shares of company stock worth $5,439,521. Insiders own 7.60% of the company’s stock.

Analyst Ratings Changes

ALH has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Alliance Laundry from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. BMO Capital Markets raised their target price on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. 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 report on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Alliance Laundry 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.