EVI Industries (NYSEAMERICAN:EVI) Upgraded by StockNews.com to “Buy” Rating

EVI Industries (NYSEAMERICAN:EVI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

EVI Industries Stock Performance

Shares of NYSEAMERICAN EVI opened at $18.32 on Tuesday. The company has a market capitalization of $233.40 million, a price-to-earnings ratio of 36.64 and a beta of 0.34. EVI Industries has a 52-week low of $14.51 and a 52-week high of $27.00. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings data on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%. The business had revenue of $90.15 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVI. American International Group Inc. increased its stake in EVI Industries by 35.6% in the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 838 shares in the last quarter. Bank of New York Mellon Corp increased its position in EVI Industries by 7.1% in 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 buying an additional 1,422 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in EVI Industries by 42.8% in the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 1,454 shares in the last quarter. Captrust Financial Advisors grew its stake in EVI Industries by 1.1% in the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock valued at $2,687,000 after acquiring an additional 1,472 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of EVI Industries by 4.6% during the third quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,485 shares in the last quarter. 37.30% of the stock is owned by institutional investors and hedge funds.

EVI Industries Company Profile

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.