Diversified Management Inc. Makes New Investment in Alliance Laundry Holdings Inc. $ALH

Key Points

• Diversified Management acquired 48,552 Alliance Laundry shares in the third quarter, worth approximately $1.03 million, joining several major institutions that recently initiated positions.
• Alliance Laundry reported quarterly EPS of $0.41, beating estimates of $0.35, on revenue of $476.75 million. The stock opened at $21.17, with a market capitalization of roughly $4.21 billion.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $31.20; however, insiders sold 169,472 shares worth about $3.96 million over the past 90 days.

Diversified Management Inc. acquired a new stake in Alliance Laundry Holdings Inc. (NYSE:ALH - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 48,552 shares of the company's stock, valued at approximately $1,034,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BDT Capital Partners LLC bought a new position in shares of Alliance Laundry in the second quarter valued at about $3,732,734,978. BlackRock Inc. acquired a new stake in Alliance Laundry in the 2nd quarter valued at about $85,422,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Alliance Laundry in the 4th quarter valued at about $41,620,000. Bank of America Corp DE bought a new position in shares of Alliance Laundry in the second quarter worth about $14,037,000. Finally, Alberta Investment Management Corp bought a new position in shares of Alliance Laundry in the fourth quarter worth about $9,524,000.

Alliance Laundry Stock Up 0.3%

Shares of NYSE ALH opened at $21.17 on Friday. The firm has a market capitalization of $4.21 billion and a PE ratio of 23.26. 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 1 year low of $18.64 and a 1 year high of $28.23. The firm's 50-day moving average is $23.23 and its 200-day moving average is $24.20.

Alliance Laundry (NYSE:ALH - Get Free Report) last issued 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 during the quarter. Equities analysts expect that Alliance Laundry Holdings Inc. will post 1.34 EPS for the current year.

Insiders Place Their Bets

In other Alliance Laundry news, insider Amanda Kopetsky sold 13,472 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were 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 in the company, valued at approximately $197,937. The trade was a 64.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock in a transaction 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 directly owned 286,066 shares in the company, valued at approximately $7,666,568.80. This trade represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 169,472 shares of company stock valued at $3,959,544. Company insiders own 7.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented 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 note on Friday, August 14th. Robert W. Baird boosted their price objective 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. Zacks Research downgraded Alliance Laundry from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Citigroup increased their price objective on Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets lifted their target price on Alliance Laundry from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.20.

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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