EVI Industries (NYSEAMERICAN:EVI) Raised 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 Tuesday morning.

EVI Industries Stock Performance

Shares of EVI Industries stock opened at $20.08 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44. The firm has a market cap of $255.82 million, a PE ratio of 38.62 and a beta of 0.34. EVI Industries has a 12 month low of $14.51 and a 12 month high of $27.00.

EVI Industries (NYSEAMERICAN:EVI) last posted its earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%. The business had revenue of $90.15 million for the quarter.

EVI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of EVI Industries

Several hedge funds have recently modified their holdings of EVI. Barclays PLC grew its position in shares of EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after buying an additional 4,881 shares during the last quarter. State Street Corp grew its holdings in EVI Industries by 1.9% in the third quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after purchasing an additional 1,685 shares during the last quarter. Captrust Financial Advisors increased its position in shares of EVI Industries by 1.1% during the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 1,472 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $84,000 after purchasing an additional 2,387 shares during the last quarter. Finally, FMR LLC boosted its position 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 worth $82,000 after purchasing an additional 4,036 shares in the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

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.