Alliance Laundry (NYSE:ALH) Insider Amanda Brooke Kopetsky Sells 13,472 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 13,472 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the sale, the insider owned 7,331 shares in the company, valued at $197,937. The trade was a 64.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 22nd, Amanda Brooke Kopetsky sold 12,747 shares of Alliance Laundry stock. The stock was sold at an average price of $27.04, for a total transaction of $344,678.88.
• 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 Price Performance

Shares of NYSE:ALH opened at $26.00 on Thursday. Alliance Laundry Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $27.48. The stock has a market cap of $5.16 billion and a price-to-earnings ratio of 31.32. The stock’s 50 day moving average price is $25.67. 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 earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. During the same quarter last year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALH. Zacks Research cut shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday. 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. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Robert W. Baird increased their target price on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Citigroup raised their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alliance Laundry currently has an average rating of “Hold” and an average price target of $30.33.

Institutional Investors Weigh In On Alliance Laundry

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

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.