Insider Selling: Alliance Laundry (NYSE:ALH) COO Sells 75,000 Shares

Key Points

• Alliance Laundry COO Jan Gommaar Vleugels sold 75,000 shares at an average price of $24.75, generating $1.86 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 14.3% to 449,563 shares.
• ALH shares traded around $24.21, with a market capitalization of approximately $4.81 billion. The company recently reported quarterly EPS of $0.41, exceeding analysts’ $0.35 estimate, on revenue of $476.75 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $31.20, despite some firms assigning hold or equal-weight ratings.

Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) COO Jan Gommaar Vleugels sold 75,000 shares of Alliance Laundry stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.75, for a total value of $1,856,250.00. Following the completion of the transaction, the chief operating officer owned 449,563 shares in the company, valued at $11,126,684.25. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Stock Performance

Shares of ALH stock traded up $0.21 during mid-day trading on Wednesday, hitting $24.21. The stock had a trading volume of 4,420,077 shares, compared to its average volume of 842,326. Alliance Laundry Holdings Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $28.23. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. The company's 50-day simple moving average is $26.02 and its 200-day simple moving average is $24.22. The firm has a market cap of $4.81 billion and a PE ratio of 26.62.

Alliance Laundry (NYSE:ALH - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, topping 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 for the quarter. Sell-side analysts anticipate that Alliance Laundry Holdings Inc. will post 1.32 earnings per share for the current year.

Institutional Trading of Alliance Laundry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new stake in Alliance Laundry during the 4th quarter worth about $6,105,000. California State Teachers Retirement System raised its holdings in shares of 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 valued at $996,000 after acquiring an additional 45,310 shares during the period. Element Capital Management LLC acquired a new position in Alliance Laundry during the fourth quarter valued at $2,544,000. Norges Bank purchased a new stake in Alliance Laundry in the 4th quarter worth about $55,962,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alliance Laundry in the 4th quarter valued at about $3,209,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird lifted their price target 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 reissued a "hold (c)" rating on shares of Alliance Laundry in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on Alliance Laundry from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Morgan Stanley raised their price target on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, May 29th. Finally, Zacks Research downgraded Alliance Laundry from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Alliance Laundry presently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Alliance Laundry Company 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source