86,625 Alliance Laundry Holdings Inc. $ALH Shares Bought by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors increased its Alliance Laundry stake by 441.7% in the third quarter, purchasing 86,625 additional shares to own 106,235 shares valued at approximately $2.26 million.
• Alliance Laundry reported quarterly EPS of $0.41, exceeding analyst expectations of $0.35, on revenue of $476.75 million. The stock recently opened at $21.41, below its 12-month high of $28.23.
• Analyst sentiment remains positive overall, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $30.20; however, insiders have sold 169,472 shares worth nearly $4.0 million over the past 90 days.

Birch Hill Investment Advisors LLC lifted its stake in Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) by 441.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,235 shares of the company's stock after purchasing an additional 86,625 shares during the period. Birch Hill Investment Advisors LLC owned 0.05% of Alliance Laundry worth $2,263,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Alliance Laundry in the second quarter valued at about $3,299,000. California State Teachers Retirement System boosted its holdings in Alliance Laundry by 1,683.8% during the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company's stock worth $996,000 after buying an additional 45,310 shares during the last quarter. BDT Capital Partners LLC bought a new position in Alliance Laundry during the second quarter worth about $3,732,734,978. The Manufacturers Life Insurance Company bought a new position in Alliance Laundry during the second quarter worth about $1,534,000. Finally, Deutsche Bank AG acquired a new position in shares of Alliance Laundry during the 2nd quarter worth about $1,187,000.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock opened at $21.41 on Friday. The company has a market capitalization of $4.26 billion and a PE ratio of 23.53. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. The stock's fifty day simple moving average is $22.47 and its 200 day simple moving average is $24.23.

Alliance Laundry (NYSE:ALH - Get Free Report) last posted its earnings results 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 firm had revenue of $476.75 million during the quarter. On average, research analysts predict that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current year.

Insider Transactions at Alliance Laundry

In related news, insider Amanda Kopetsky sold 13,472 shares of the business'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 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. The trade was a 64.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Hannan sold 6,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total value of $160,800.00. Following the completion of the transaction, the insider owned 286,066 shares of the company's stock, valued at $7,666,568.80. This represents a 2.05% 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. Insiders have sold a total of 169,472 shares of company stock valued at $3,959,544 over the last 90 days. 7.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ALH. JPMorgan Chase & Co. increased their price target on shares of Alliance Laundry from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Zacks Research cut shares of Alliance Laundry from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Robert W. Baird boosted their price objective on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Weiss Ratings downgraded shares of Alliance Laundry from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Finally, Citigroup lowered their target price on shares of Alliance Laundry from $31.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.20.

Alliance Laundry Profile

Alliance Laundry is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. The company designs, manufactures and markets washing machines, dryers and related laundry systems for consumers, laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial customers.

Its portfolio includes equipment and laundry solutions sold under brands such as Speed Queen, UniMac, Huebsch, IPSO and Primus.

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