EVI Industries (NYSEAMERICAN:EVI) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of EVI Industries (NYSEAMERICAN:EVI) from a buy rating to a hold rating in a report issued on Monday.

EVI Industries Stock Up 1.2 %

EVI opened at $17.00 on Monday. EVI Industries has a one year low of $14.51 and a one year high of $25.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. The company has a market cap of $241.91 million, a price-to-earnings ratio of 34.00 and a beta of 0.35.

Institutional Investors Weigh In On EVI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised 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 during the last quarter. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 2,387 shares in the last quarter. Barclays PLC raised its holdings in EVI Industries by 206.6% in the third 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. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries in the second quarter worth approximately $158,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after buying 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 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.