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 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 of the company’s stock, valued at approximately $197,937. This trade represents a 64.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Stock Performance

Shares of ALH traded down $0.90 during mid-day trading on Wednesday, reaching $26.00. The stock had a trading volume of 608,880 shares, compared to its average volume of 828,706. The business’s fifty day moving average price is $25.64. 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 market capitalization of $5.16 billion and a price-to-earnings ratio of 31.32. 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 released its earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently made changes to their positions in the business. BDT Capital Partners LLC bought a new position in shares of Alliance Laundry in the 4th quarter valued at about $2,864,297,000. Capital International Investors bought a new stake in shares of Alliance Laundry in the 4th quarter valued at approximately $101,498,000. Vanguard Group Inc. purchased a new position in shares of Alliance Laundry in the 4th quarter worth approximately $76,161,000. Norges Bank purchased a new position in shares of Alliance Laundry in the 4th quarter worth approximately $55,962,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Alliance Laundry during the 4th quarter valued at approximately $48,234,000.

Analyst Upgrades and Downgrades

ALH has been the subject of several research analyst reports. Morgan Stanley increased their target price 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. Citigroup boosted their target price on shares of 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 shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird lifted their target price on Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.33.

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.