Raymond James & Associates Lowers Holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Raymond James & Associates cut its position in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,901 shares of the industrial products company’s stock after selling 4,182 shares during the quarter. Raymond James & Associates owned about 1.45% of EVI Industries worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in EVI Industries in the 2nd quarter worth approximately $158,000. Renaissance Technologies LLC increased its holdings 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 worth $260,000 after buying an additional 2,168 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of EVI Industries by 18.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock worth $14,486,000 after buying an additional 118,490 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $407,000 after buying an additional 1,422 shares during the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of EVI Industries in the 2nd quarter worth $29,000. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

EVI Industries Stock Up 0.5 %

EVI stock opened at $19.98 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46. EVI Industries, Inc. has a 52 week low of $14.51 and a 52 week high of $27.90. The firm has a market cap of $254.35 million, a P/E ratio of 52.58 and a beta of 0.34.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. The business had revenue of $90.15 million during the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%.

EVI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.24 annualized dividend and a yield of 6.21%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of EVI Industries from a “buy” rating to a “hold” rating in a report on Monday.

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.