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

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a research note released on Tuesday morning.

EVI Industries Trading Down 1.2 %

EVI opened at $18.57 on Tuesday. The stock has a market capitalization of $236.58 million, a PE ratio of 37.14 and a beta of 0.34. EVI Industries has a 12 month low of $14.51 and a 12 month high of $27.00. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings data on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. The firm had revenue of $90.15 million during the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%.

EVI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.24 annualized dividend and a dividend yield of 6.68%.

Institutional Investors Weigh In On EVI Industries

A number of large investors have recently made changes to their positions in EVI. American International Group Inc. increased its position in shares of EVI Industries by 35.6% during the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after buying an additional 838 shares during the period. Bank of New York Mellon Corp boosted its position in EVI Industries by 7.1% during the 2nd 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. BNP Paribas Financial Markets grew its holdings in shares of EVI Industries by 42.8% during the 1st quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 1,454 shares during the period. Captrust Financial Advisors raised its position in shares of EVI Industries by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after acquiring an additional 1,472 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of EVI Industries by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,485 shares during the period. 37.30% of the stock is currently owned by 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.