Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells $363,744.00 in Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 13,472 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total value of $363,744.00. Following the transaction, the insider owned 7,331 shares in the company, valued at approximately $197,937. This trade represents a 64.76% decrease in their position. The sale 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.

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 shares were 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 stock was sold at an average price of $27.00, for a total transaction of $21,843.00.

Alliance Laundry Trading Up 0.7%

NYSE ALH opened at $26.40 on Friday. Alliance Laundry Holdings Inc. has a 1 year low of $18.64 and a 1 year high of $27.48. The business’s fifty day moving average price is $25.75. 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 company has a market cap of $5.24 billion and a P/E ratio of 31.81.

Alliance Laundry (NYSE:ALH) last announced its 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 firm had revenue of $426.89 million during the quarter. Alliance Laundry’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley boosted 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 report on Wednesday, May 13th. Citigroup upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Robert W. Baird raised their price objective on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Alliance Laundry presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Institutional Investors Weigh In On Alliance Laundry

A number of institutional investors have recently added to or reduced their stakes in ALH. BDT Capital Partners LLC bought a new position in Alliance Laundry during the fourth quarter valued at about $2,864,297,000. Capital International Investors bought a new stake in shares of Alliance Laundry in the 4th quarter worth approximately $101,498,000. Vanguard Group Inc. acquired a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $76,161,000. Norges Bank acquired a new stake in shares of Alliance Laundry during the 4th quarter worth approximately $55,962,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $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.