EVI Industries, Inc. (NYSEAMERICAN:EVI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,160 shares of the industrial products company’s stock after selling 2,440 shares during the period. Dimensional Fund Advisors LP owned approximately 0.73% of EVI Industries worth $1,743,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its stake in shares of 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 valued at $14,486,000 after acquiring an additional 118,490 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of EVI Industries by 7.1% in 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 acquiring an additional 1,422 shares in the last quarter. Raymond James & Associates raised its stake in shares of EVI Industries by 2.7% in the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after acquiring an additional 4,918 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of EVI Industries in the second quarter valued at $29,000. Finally, Swedbank AB acquired a new stake in shares of EVI Industries in the first quarter valued at $9,338,000. 37.30% of the stock is currently owned by institutional investors and hedge funds.

EVI Industries Stock Performance

EVI Industries stock opened at $19.15 on Friday. EVI Industries, Inc. 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 0.09, a quick ratio of 0.77 and a current ratio of 1.46. The firm has a market capitalization of $242.82 million, a price-to-earnings ratio of 50.39 and a beta of 0.34.

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

EVI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Thursday, September 26th.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded EVI Industries from a “hold” rating to a “buy” rating in a research note on Friday.

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.