Alliance Laundry (NYSE:ALH) Insider Amanda Brooke Kopetsky Sells 12,747 Shares

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 12,747 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $27.04, for a total transaction of $344,678.88. Following the transaction, the insider owned 7,331 shares of the company’s stock, valued at $198,230.24. This represents a 63.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amanda Brooke Kopetsky also recently made the following trade(s):

• On Wednesday, June 17th, Amanda Brooke Kopetsky sold 809 shares of Alliance Laundry stock. The shares were sold at an average price of $27.00, for a total transaction of $21,843.00.

Alliance Laundry Stock Down 0.5%

Alliance Laundry stock opened at $26.14 on Thursday. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The firm’s 50-day moving average price is $25.25. The firm has a market cap of $5.19 billion and a price-to-earnings ratio of 31.49. Alliance Laundry Holdings Inc. has a 52-week low of $18.64 and a 52-week high of $27.48.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million during the quarter. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. Research analysts expect that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on ALH shares. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. 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 research note on Friday, May 29th. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Citigroup upped their price objective on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Robert W. Baird increased their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Institutional Investors Weigh In On Alliance Laundry

A number of institutional investors have recently added to or reduced their stakes in ALH. Massachusetts Financial Services Co. MA bought a new position in Alliance Laundry during the 4th quarter valued at $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alliance Laundry in the 4th quarter worth $3,209,000. Teacher Retirement System of Texas acquired a new stake in shares of Alliance Laundry in the fourth quarter valued at $6,105,000. Vanguard Group Inc. acquired a new stake in shares of Alliance Laundry in the fourth quarter valued at $76,161,000. Finally, UBS Group AG bought a new position in Alliance Laundry during the fourth quarter valued at about $19,411,000.

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.