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

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 12,747 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $27.04, for a total transaction of $344,678.88. Following the completion of the sale, the insider owned 7,331 shares in the company, valued at $198,230.24. This represents a 63.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 stock was sold at an average price of $27.00, for a total transaction of $21,843.00.

Alliance Laundry Stock Down 0.6%

ALH opened at $26.29 on Wednesday. The firm’s fifty day simple moving average is $25.22. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 4.00. The stock has a market cap of $5.22 billion and a PE ratio of 31.67. 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 for the quarter. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. Equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on ALH shares. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of 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 report on Friday, May 29th. Finally, Citigroup upped their price objective 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 given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.00.

Institutional Trading of Alliance Laundry

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

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.