EVI Industries (NYSEAMERICAN:EVI) Upgraded by StockNews.com to Buy Rating

by · The Cerbat Gem

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI – Free Report) from a hold rating to a buy rating in a report issued on Tuesday.

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI opened at $16.74 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries has a 12-month low of $14.51 and a 12-month high of $25.50. The firm has a market cap of $238.21 million, a price-to-earnings ratio of 33.48 and a beta of 0.35.

Institutional Investors Weigh In On EVI Industries

A number of institutional investors have recently added to or reduced their stakes in EVI. FMR LLC boosted its stake in EVI Industries by 1,868.5% during the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after buying an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of EVI Industries by 122.3% in 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 period. Barclays PLC raised its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries during the 2nd quarter worth approximately $158,000. Finally, JPMorgan Chase & Co. grew its position in EVI Industries by 112.5% in the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 5,474 shares during the period. 37.30% of the stock is owned by institutional investors and hedge funds.

About EVI Industries

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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.

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