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

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 809 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $27.00, for a total value of $21,843.00. Following the sale, the insider owned 7,331 shares of the company’s stock, valued at approximately $197,937. The trade was a 9.94% decrease in their position. The transaction 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 Trading Down 0.6%

Shares of Alliance Laundry stock opened at $26.29 on Wednesday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.05 and a current ratio of 1.37. The firm has a fifty day moving average of $25.22. The firm has a market cap of $5.22 billion and a PE ratio of 31.67. 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 announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million for the quarter. During the same quarter in the prior year, the company earned $0.20 EPS. Alliance Laundry’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alliance Laundry

Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new stake in Alliance Laundry during the 4th quarter worth approximately $14,951,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Alliance Laundry in the 4th quarter valued at $3,209,000. Teacher Retirement System of Texas acquired a new stake in shares of Alliance Laundry in the 4th quarter worth $6,105,000. Vanguard Group Inc. purchased a new stake in shares of Alliance Laundry in the fourth quarter valued at about $76,161,000. Finally, UBS Group AG acquired a new position in shares of Alliance Laundry during the fourth quarter worth about $19,411,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALH. Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen raised Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. 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. Zacks Research raised Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Citigroup raised their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.