Deutsche Bank AG Invests $1.19 Million in Alliance Laundry Holdings Inc. $ALH

Key Points

• Deutsche Bank initiated a position in Alliance Laundry Holdings during the second quarter, purchasing 44,760 shares valued at approximately $1.19 million. Several other institutional investors also increased or initiated holdings.
• Alliance Laundry reported quarterly EPS of $0.41, exceeding the $0.35 consensus estimate, on revenue of $476.75 million. The stock opened at $23.28, below its 52-week high of $28.23.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $31.20, while company insiders sold $5.44 million worth of shares over the past 90 days.

Deutsche Bank AG bought a new position in shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,760 shares of the company's stock, valued at approximately $1,187,000.

A number of other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Alliance Laundry by 74.5% in 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. Janney Montgomery Scott LLC grew its stake in Alliance Laundry by 7.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company's stock worth $267,000 after purchasing an additional 885 shares during the period. GAMMA Investing LLC increased its holdings in Alliance Laundry by 11,068.8% in 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 in the last quarter. Comerica Bank acquired a new position in Alliance Laundry in the fourth quarter valued at approximately $50,000. Finally, California State Teachers Retirement System bought a new stake in shares of Alliance Laundry in the 4th quarter valued at $55,000.

Alliance Laundry Price Performance

Shares of NYSE ALH opened at $23.28 on Monday. The stock has a market cap of $4.63 billion and a price-to-earnings ratio of 25.58. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.23. The firm's 50-day simple moving average is $25.63 and its 200 day simple moving average is $24.26.

Alliance Laundry (NYSE:ALH - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ALH shares. JPMorgan Chase & Co. raised their price target on shares of Alliance Laundry from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Weiss Ratings restated a "hold (c)" rating on shares of Alliance Laundry in a research note on Friday, August 7th. Citigroup boosted their target price on Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. BMO Capital Markets upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, August 17th. Finally, Morgan Stanley increased their price target on Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, May 29th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Activity

In related news, CAO Brian Christopher Sikora sold 17,500 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total transaction of $457,625.00. Following the transaction, the chief accounting officer directly owned 13,951 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samantha Leigh Hannan sold 6,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the sale, the insider directly owned 286,066 shares of the company's stock, valued at $7,666,568.80. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 212,528 shares of company stock valued at $5,439,521 over the last ninety days. Company insiders own 7.60% of the company's stock.

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.

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