Amanda Brooke Kopetsky Sells 13,472 Shares of Alliance Laundry (NYSE:ALH) Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 13,472 shares of Alliance Laundry stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the transaction, the insider directly owned 7,331 shares of the company’s stock, valued at approximately $197,937. This represents a 64.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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 value of $21,843.00.

Alliance Laundry Stock Performance

ALH opened at $26.30 on Friday. Alliance Laundry Holdings Inc. has a one year low of $18.64 and a one year high of $27.48. 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 company has a market capitalization of $5.22 billion and a PE ratio of 31.69. The company’s 50 day simple moving average is $25.72.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALH. Citigroup lifted their price objective on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird boosted their price target on Alliance Laundry from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley raised their price objective on Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALH. PNC Financial Services Group Inc. boosted its position in Alliance Laundry by 74.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,424 shares of the company’s stock valued at $30,000 after acquiring an additional 608 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Alliance Laundry by 7.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,861 shares of the company’s stock worth $267,000 after purchasing an additional 885 shares during the last quarter. GAMMA Investing LLC boosted its position in Alliance Laundry by 11,068.8% during the second quarter. GAMMA Investing LLC now owns 1,787 shares of the company’s stock valued at $47,000 after purchasing an additional 1,771 shares in the last quarter. Comerica Bank purchased a new position in Alliance Laundry in the fourth quarter valued at about $50,000. Finally, California State Teachers Retirement System bought a new position in Alliance Laundry in the fourth quarter worth about $55,000.

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.