Insider Selling: Alliance Laundry (NYSE:ALH) COO Sells $1,578,750.00 in Stock

Key Points

• Alliance Laundry COO Jan Gommaar Vleugels sold 75,000 shares at an average price of $21.05, generating $1.58 million. The Rule 10b5-1 transaction reduced his holdings by 16.68% to 374,563 shares.
• ALH shares recently traded at $21.52, near the lower end of their 52-week range of $18.64 to $28.23. The company’s latest quarterly earnings beat expectations, reporting $0.41 in EPS versus the $0.35 consensus estimate on $476.75 million in revenue.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $31.20, while institutional investors including Norges Bank and BDT Capital Partners have recently acquired stakes.

Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) COO Jan Gommaar Vleugels sold 75,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $21.05, for a total transaction of $1,578,750.00. Following the completion of the sale, the chief operating officer owned 374,563 shares of the company's stock, valued at $7,884,551.15. The trade was a 16.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

Shares of ALH stock traded up $0.42 during trading hours on Wednesday, reaching $21.52. 1,042,156 shares of the company were exchanged, compared to its average volume of 958,820. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.23. The stock's fifty day moving average is $24.64 and its two-hundred day moving average is $24.14. The company has a market cap of $4.28 billion and a price-to-earnings ratio of 23.64. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14.

Alliance Laundry (NYSE:ALH - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $476.75 million for the quarter. Sell-side analysts forecast 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 recently weighed in on ALH shares. Morgan Stanley boosted their target price on Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, May 29th. Robert W. Baird lifted their price objective on Alliance Laundry from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Citigroup boosted their price objective on Alliance Laundry from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Zacks Research downgraded shares of Alliance Laundry from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alliance Laundry in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Alliance Laundry currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Institutional Investors Weigh In On Alliance Laundry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Alliance Laundry by 1,683.8% during 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 during the last quarter. BDT Capital Partners LLC bought a new stake in Alliance Laundry in the second quarter valued at approximately $3,732,734,978. Deutsche Bank AG bought a new stake in Alliance Laundry in the second quarter valued at approximately $1,187,000. Element Capital Management LLC acquired a new stake in Alliance Laundry in the fourth quarter worth $2,544,000. Finally, Norges Bank acquired a new stake in Alliance Laundry in the fourth quarter worth $55,962,000.

About Alliance Laundry

Alliance Laundry Holdings, Inc NYSE: ALH is a manufacturer of commercial, industrial and residential laundry equipment. Through Alliance Laundry Systems, the company develops and produces washing machines, dryers and related laundry systems for laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial users.

The company's portfolio includes brands such as Speed Queen, Huebsch, UniMac, Primus and IPSO. Its offerings include coin-operated and card-operated machines, on-premises laundry equipment, industrial laundry systems and related controls, parts and services.

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.