Insider Selling: Alliance Laundry (NYSE:ALH) Insider Sells $21,843.00 in 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 transaction of $21,843.00. Following the sale, the insider directly owned 7,331 shares in the company, valued at $197,937. The trade was a 9.94% decrease in their ownership of the stock. The transaction 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.

Alliance Laundry Stock Performance

ALH stock opened at $26.14 on Thursday. The company has a market capitalization of $5.19 billion and a P/E ratio of 31.49. The company’s fifty day simple moving average is $25.25. 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 52-week low of $18.64 and a 52-week high of $27.48.

Alliance Laundry (NYSE:ALH) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $426.89 million during the quarter. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. As a group, sell-side analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALH has been the topic of a number of analyst reports. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Robert W. Baird lifted their price objective on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note 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. Finally, Citigroup increased their target price on shares of Alliance Laundry from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Institutional Trading of Alliance Laundry

A number of institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Alliance Laundry in the 4th quarter worth about $6,105,000. Element Capital Management LLC bought a new stake in shares of Alliance Laundry during the 4th quarter valued at about $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alliance Laundry during the fourth quarter worth approximately $3,209,000. Massachusetts Financial Services Co. MA acquired a new stake in Alliance Laundry during the fourth quarter worth approximately $14,951,000. Finally, Vanguard Group Inc. acquired a new stake in Alliance Laundry during the fourth quarter worth approximately $76,161,000.

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.