JPMorgan Chase & Co. Purchases 5,474 Shares of EVI Industries, Inc. (NYSEAMERICAN:EVI)

JPMorgan Chase & Co. lifted its position in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 112.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,341 shares of the industrial products company’s stock after acquiring an additional 5,474 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of EVI Industries worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of EVI Industries by 1,868.5% in the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 4,036 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of EVI Industries by 122.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,387 shares during the last quarter. Barclays PLC boosted its position in EVI Industries by 206.6% during the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in EVI Industries in the second quarter valued at about $158,000. Finally, Bard Associates Inc. bought a new position in EVI Industries in the third quarter worth about $223,000. 37.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

EVI Industries Stock Down 2.7 %

NYSEAMERICAN EVI opened at $17.34 on Friday. The firm has a market capitalization of $246.75 million, a price-to-earnings ratio of 34.68 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44. EVI Industries, Inc. has a 12-month low of $14.51 and a 12-month high of $25.50.

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

EVI Industries 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.