Raymond James Financial Inc. Purchases Shares of 175,121 EVI Industries, Inc. (NYSEAMERICAN:EVI)

Raymond James Financial Inc. purchased a new stake in EVI Industries, Inc. (NYSEAMERICAN:EVI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 175,121 shares of the industrial products company’s stock, valued at approximately $2,863,000. Raymond James Financial Inc. owned approximately 1.23% of EVI Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EVI. FMR LLC increased its stake in EVI Industries by 1,868.5% in the third 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 last quarter. BNP Paribas Financial Markets raised its holdings in 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 valued at $84,000 after buying an additional 2,387 shares during the last quarter. Barclays PLC boosted its position in EVI Industries by 206.6% during the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after buying an additional 4,881 shares during the period. Bard Associates Inc. boosted its holdings in shares of EVI Industries by 6.7% during the fourth quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 764 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of EVI Industries by 112.5% in the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 5,474 shares during the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

EVI Industries Stock Performance

Shares of NYSEAMERICAN EVI opened at $17.13 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.58 and a quick ratio of 0.87. The firm has a market capitalization of $218.58 million, a price-to-earnings ratio of 35.69 and a beta of 0.40. EVI Industries, Inc. has a 12 month low of $14.51 and a 12 month high of $25.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a report 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.