Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells 809 Shares of Stock

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

Alliance Laundry Trading Up 0.5%

NYSE:ALH traded up $0.15 during midday trading on Monday, hitting $27.04. 134,521 shares of the company traded hands, compared to its average volume of 870,308. The stock has a market cap of $5.37 billion and a price-to-earnings ratio of 32.57. The firm has a fifty day moving average price of $25.11. Alliance Laundry Holdings Inc. has a 12-month low of $18.64 and a 12-month high of $27.48. 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 posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 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. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts expect that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ALH. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Morgan Stanley upped their target price on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Robert W. Baird boosted their price objective 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. Finally, 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 research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALH. PNC Financial Services Group Inc. lifted its stake in shares of Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock worth $30,000 after purchasing an additional 608 shares during the last quarter. Comerica Bank purchased a new stake in shares of Alliance Laundry during the fourth quarter valued at about $50,000. California State Teachers Retirement System bought a new stake in shares of Alliance Laundry in the 4th quarter valued at about $55,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Alliance Laundry during the 4th quarter worth approximately $63,000. Finally, Russell Investments Group Ltd. purchased a new stake in Alliance Laundry during the fourth quarter valued at approximately $71,000.

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.