Empire Life Investments Inc. Has $3.65 Million Holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Empire Life Investments Inc. lessened its stake in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,766 shares of the industrial products company’s stock after selling 11,262 shares during the quarter. Empire Life Investments Inc. owned about 1.56% of EVI Industries worth $3,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC raised its stake in EVI Industries by 1,868.5% during the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets raised its stake in EVI Industries by 122.3% during the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 2,387 shares in the last quarter. Barclays PLC raised its stake in EVI Industries by 206.6% during the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 4,881 shares in the last quarter. JPMorgan Chase & Co. raised its stake in EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 5,474 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of EVI Industries in the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 37.30% of the company’s stock.

EVI Industries Trading Up 1.2 %

Shares of EVI stock opened at $16.71 on Friday. EVI Industries, Inc. has a one year low of $14.51 and a one year high of $25.50. The company has a market capitalization of $237.78 million, a P/E ratio of 36.50 and a beta of 0.40. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $93.63 million for the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 13th.

About EVI Industries

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.