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

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

EVI Industries Trading Up 0.1 %

Shares of EVI stock opened at $20.04 on Thursday. The firm has a market cap of $254.11 million, a PE ratio of 52.74 and a beta of 0.34. EVI Industries has a 1-year low of $14.51 and a 1-year high of $27.90. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

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

EVI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were given a $0.31 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.24 dividend on an annualized basis and a yield of 6.19%.

Institutional Trading of EVI Industries

A number of institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in EVI Industries in the second quarter valued at approximately $29,000. American International Group Inc. raised its holdings in shares of EVI Industries by 35.6% during the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 838 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of EVI Industries by 42.8% in the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in EVI Industries in the second quarter worth $158,000. Finally, Renaissance Technologies LLC increased its position in EVI Industries by 18.7% during the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock worth $260,000 after buying an additional 2,168 shares during the last quarter. Institutional investors and hedge funds 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.