Bank of America Corp DE Sells 1,701,379 Shares of Alliance Laundry Holdings Inc. $ALH

Key Points

• Bank of America cut its Alliance Laundry stake by 56.1%, selling 1,701,379 shares during the first quarter. It retained 1,330,793 shares, worth approximately $27.6 million.
• Alliance Laundry reported quarterly EPS of $0.41, beating the $0.35 analyst consensus, on revenue of $476.75 million. The company posted a 10.08% net margin and 81.92% return on equity.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $31.25, above the stock’s referenced $25.50 price. JPMorgan and Robert W. Baird recently raised their targets to $32 and $34, respectively.

Bank of America Corp DE decreased its holdings in shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) by 56.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,330,793 shares of the company's stock after selling 1,701,379 shares during the quarter. Bank of America Corp DE owned 0.67% of Alliance Laundry worth $27,601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of Alliance Laundry in the first quarter worth about $527,000. California State Teachers Retirement System grew its stake in Alliance Laundry by 1,683.8% in the 1st quarter. California State Teachers Retirement System now owns 48,001 shares of the company's stock worth $996,000 after acquiring an additional 45,310 shares in the last quarter. Royal Bank of Canada increased its position in shares of Alliance Laundry by 32.5% during the first quarter. Royal Bank of Canada now owns 34,337 shares of the company's stock worth $713,000 after acquiring an additional 8,421 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Alliance Laundry by 108.8% during the first quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company's stock worth $694,000 after acquiring an additional 17,434 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of Alliance Laundry during the first quarter valued at approximately $384,000.

Alliance Laundry Trading Up 0.1%

ALH opened at $25.50 on Monday. The firm has a market cap of $5.06 billion and a price-to-earnings ratio of 28.02. The company has a current ratio of 1.43, a quick ratio of 1.14 and a debt-to-equity ratio of 3.35. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $28.23. The stock has a fifty day moving average price of $26.08 and a 200-day moving average price of $24.18.

Alliance Laundry (NYSE:ALH - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share 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 company had revenue of $476.75 million for the quarter. As a group, equities research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALH. Weiss Ratings reiterated a "hold (c)" rating on shares of Alliance Laundry in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on Alliance Laundry from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday. Robert W. Baird increased their price target on Alliance Laundry from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley raised their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, May 29th. Finally, Citigroup upped their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.25.

Insider Activity

In other news, CAO Brian Christopher Sikora sold 17,500 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer directly owned 13,951 shares in the company, valued at approximately $364,818.65. This trade represents a 55.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Leigh Hannan sold 6,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the sale, the insider owned 286,066 shares in the company, valued at $7,666,568.80. This represents a 2.05% decrease in their ownership of the stock. 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 ninety days, insiders sold 137,528 shares of company stock valued at $3,583,271. Corporate insiders own 7.60% of the company's stock.

Key Alliance Laundry News

Here are the key news stories impacting Alliance Laundry this week:

• Positive Sentiment: Analysts raised price targets. JPMorgan increased its target from $31 to $32 and assigned an “overweight” rating, implying approximately 25.5% upside from the referenced $25.50 price. Robert W. Baird raised its target from $32 to $34 and reiterated an “outperform” rating, implying roughly 33.4% upside. Benzinga analyst ratings article The Fly analyst ratings article
• Positive Sentiment: Second-quarter earnings exceeded expectations. Alliance Laundry reported adjusted EPS of $0.41, above the $0.35 consensus estimate, on revenue of approximately $476.8 million. North American revenue increased 9%, while pricing and margin improvements helped strengthen the profit outlook. Zacks Q2 earnings article
• Positive Sentiment: Management raised its profitability outlook. Alliance Laundry indicated 2026 adjusted EBITDA growth of 8% to 10% and expects net leverage to decline to approximately 2.0 times, suggesting stronger cash generation and balance-sheet improvement. Seeking Alpha outlook article
• Neutral Sentiment: Revenue guidance remained broadly in line with expectations. The company projected fiscal 2026 revenue of approximately $1.8 billion, matching the consensus estimate, so the primary upside is coming from earnings quality, margins and deleveraging rather than higher sales guidance.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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