EVI Industries (NYSEAMERICAN:EVI) Lifted to “Buy” at StockNews.com

by · The Markets Daily

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI – Free Report) from a hold rating to a buy rating in a research report report published on Thursday.

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI opened at $20.04 on Thursday. The firm has a market capitalization of $254.11 million, a price-to-earnings ratio of 52.74 and a beta of 0.34. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.09. EVI Industries has a one year low of $14.51 and a one year high of $27.90.

EVI Industries (NYSEAMERICAN:EVI – Get Free Report) last issued its quarterly earnings data on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. EVI Industries had a return on equity of 4.22% and a net margin of 1.60%. The company had revenue of $90.15 million for the quarter.

EVI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EVI. Northwestern Mutual Wealth Management Co. purchased a new stake in EVI Industries in the second quarter worth approximately $158,000. Renaissance Technologies LLC boosted its stake in shares of EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of EVI Industries by 18.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock valued at $14,486,000 after purchasing an additional 118,490 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of EVI Industries by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Raymond James & Associates raised its position in EVI Industries by 2.7% in the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after purchasing an additional 4,918 shares during the period. Institutional investors own 37.30% of the company’s stock.

EVI Industries Company Profile

(Get Free Report)

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.

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