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

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a research report report published on Friday morning.

EVI Industries Stock Down 0.7 %

EVI Industries stock opened at $19.12 on Friday. EVI Industries has a 1-year low of $14.51 and a 1-year high of $28.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 1.53. The company has a market cap of $242.44 million, a P/E ratio of 51.68 and a beta of 0.34.

EVI Industries Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 26th.

Institutional Investors Weigh In On EVI Industries

Several hedge funds have recently added to or reduced their stakes in EVI. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EVI Industries in the 2nd quarter worth approximately $158,000. Renaissance Technologies LLC raised its position in 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 purchasing an additional 2,168 shares during the period. Conestoga Capital Advisors LLC lifted its stake in EVI Industries by 18.3% in the second quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock worth $14,486,000 after purchasing an additional 118,490 shares during the last quarter. Bank of New York Mellon Corp boosted its position in EVI Industries by 7.1% during the second 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 during the period. Finally, Raymond James & Associates grew its stake in shares of EVI Industries by 2.7% during the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after buying an additional 4,918 shares during the last quarter. Institutional investors own 37.30% of the company’s stock.

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.