Alliance Laundry (NYSE:ALH) Insider Sells $344,678.88 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 12,747 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Trading Up 0.3%

Shares of ALH stock opened at $26.45 on Friday. The stock has a market cap of $5.25 billion and a PE ratio of 31.86. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The company’s 50 day simple moving average is $25.31. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $27.48.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $426.89 million during the quarter. During the same period last year, the company earned $0.20 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts predict that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in shares of Alliance Laundry in the first quarter worth $527,000. California State Teachers Retirement System grew its position in 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 worth $996,000 after buying an additional 45,310 shares in the last quarter. Royal Bank of Canada grew its position in Alliance Laundry by 32.5% during the first quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock worth $713,000 after buying an additional 8,421 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Alliance Laundry by 108.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company’s stock worth $694,000 after acquiring an additional 17,434 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Alliance Laundry in the 1st quarter worth about $384,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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. Citigroup raised their target price on Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley upped their price target on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Finally, Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

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.