Alliance Laundry (NYSE:ALH) Insider Sells 809 Shares of Stock

Alliance Laundry Holdings Inc. (NYSE:ALH) insider Amanda Brooke Kopetsky sold 809 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $27.00, for a total value of $21,843.00. Following the completion of the transaction, the insider owned 7,331 shares in the company, valued at approximately $197,937. This trade represents 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.

Alliance Laundry Price Performance

Alliance Laundry stock traded up $0.15 during mid-day trading on Monday, reaching $27.04. 134,521 shares of the stock traded hands, compared to its average volume of 870,308. Alliance Laundry Holdings Inc. has a 12-month low of $18.64 and a 12-month high of $27.48. The firm’s 50-day simple moving average is $25.11. The company has a quick ratio of 1.05, a current ratio of 1.37 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $5.37 billion and a PE ratio of 32.57.

Alliance Laundry (NYSE:ALH) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $426.89 million for the quarter. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts anticipate that Alliance Laundry Holdings Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ALH. Wall Street Zen upgraded shares of Alliance Laundry from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Citigroup raised their price objective on Alliance Laundry from $28.00 to $30.00 and gave the stock 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 research note on Friday, May 22nd. Morgan Stanley raised their target price on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Weiss Ratings upgraded shares of 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Hedge Funds Weigh In On Alliance Laundry

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

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.