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

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

Alliance Laundry Price Performance

Shares of NYSE:ALH opened at $26.29 on Wednesday. The stock’s 50-day moving average price is $25.22. The firm has a market capitalization of $5.22 billion and a price-to-earnings ratio of 31.67. 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 Holdings Inc. has a 12 month low of $18.64 and a 12 month high of $27.48.

Alliance Laundry (NYSE:ALH) last issued its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (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. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, research analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Alliance Laundry

A number of large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new position in Alliance Laundry in the 1st quarter worth $527,000. California State Teachers Retirement System grew its stake in shares of Alliance Laundry by 1,683.8% during the first quarter. California State Teachers Retirement System now owns 48,001 shares of the company’s stock valued at $996,000 after acquiring an additional 45,310 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Alliance Laundry by 32.5% during the first quarter. Royal Bank of Canada now owns 34,337 shares of the company’s stock valued at $713,000 after acquiring an additional 8,421 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Alliance Laundry by 108.8% during the first quarter. The Manufacturers Life Insurance Company now owns 33,460 shares of the company’s stock worth $694,000 after acquiring an additional 17,434 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Alliance Laundry in the first quarter worth about $384,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ALH shares. Citigroup raised their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley raised their price objective on Alliance Laundry from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings raised Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. 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 stock. Based on data from MarketBeat, Alliance Laundry has a consensus rating of “Moderate Buy” and a consensus target price 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.