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 company’s stock in a transaction that occurred on Monday, June 22nd. The shares were 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 approximately $198,230.24. The trade was a 63.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $27.00, for a total transaction of $21,843.00.

Alliance Laundry Trading Up 1.0%

Shares of NYSE:ALH opened at $26.38 on Friday. 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 stock has a fifty day moving average of $25.28. The company has a market capitalization of $5.24 billion and a price-to-earnings ratio of 31.78. 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 posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. Alliance Laundry’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. As a group, equities research analysts forecast that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BDT Capital Partners LLC acquired a new stake in Alliance Laundry in the fourth quarter worth $2,864,297,000. Capital International Investors acquired a new position in shares of Alliance Laundry during the fourth quarter valued at $101,498,000. Vanguard Group Inc. bought a new position in shares of Alliance Laundry during the fourth quarter worth about $76,161,000. Norges Bank bought a new position in shares of Alliance Laundry during the fourth quarter worth about $55,962,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Alliance Laundry in the 4th quarter worth about $48,234,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALH. Wall Street Zen upgraded Alliance Laundry from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research upgraded Alliance Laundry from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. 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 report on Friday, May 29th. Weiss Ratings upgraded Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alliance Laundry has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.