Alliance Laundry (NYSE:ALH) Insider Amanda Brooke Kopetsky Sells 809 Shares

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 809 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $27.00, for a total value of $21,843.00. Following the transaction, the insider owned 7,331 shares of the company’s stock, valued at $197,937. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alliance Laundry Price Performance

Shares of ALH stock opened at $26.55 on Tuesday. The firm has a 50 day moving average of $25.17. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48. The company has a market capitalization of $5.27 billion and a PE ratio of 31.99. 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 (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. As a group, research analysts expect that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

ALH has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Morgan Stanley lifted their price objective 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 boosted their price objective on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Alliance Laundry currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BDT Capital Partners LLC bought a new position in shares of Alliance Laundry during the 4th quarter worth about $2,864,297,000. Capital International Investors bought a new stake in Alliance Laundry in the 4th quarter worth about $101,498,000. Vanguard Group Inc. purchased a new position in shares of Alliance Laundry in the 4th quarter worth approximately $76,161,000. Norges Bank purchased a new position in shares of Alliance Laundry in the 4th quarter worth approximately $55,962,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $48,234,000.

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.