Brian Christopher Sikora Sells 17,500 Shares of Alliance Laundry (NYSE:ALH) Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) CAO Brian Christopher Sikora sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.15, for a total value of $457,625.00. Following the completion of the sale, the chief accounting officer owned 13,951 shares in the company, valued at approximately $364,818.65. This represents a 55.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

ALH traded down $0.11 during trading on Wednesday, reaching $26.06. 758,336 shares of the company’s stock were exchanged, compared to its average volume of 875,386. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $27.48. The stock has a fifty day moving average of $24.86. The stock has a market capitalization of $5.18 billion and a PE ratio of 31.40.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million during the quarter. Alliance Laundry’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. Equities analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Institutional Investors Weigh In On Alliance Laundry

Several hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Alliance Laundry during the 4th quarter valued at about $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Alliance Laundry in the 4th quarter worth about $3,209,000. Teacher Retirement System of Texas acquired a new position in Alliance Laundry in the 4th quarter worth about $6,105,000. Vanguard Group Inc. purchased a new position in Alliance Laundry during the fourth quarter worth approximately $76,161,000. Finally, UBS Group AG purchased a new position in Alliance Laundry during the fourth quarter worth approximately $19,411,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALH shares. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Robert W. Baird raised their target price on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Citigroup boosted their price target on Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

About Alliance Laundry

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.