Conestoga Capital Advisors LLC Grows Stock Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Conestoga Capital Advisors LLC boosted its holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 788,616 shares of the industrial products company’s stock after acquiring an additional 13,350 shares during the period. Conestoga Capital Advisors LLC owned 5.54% of EVI Industries worth $12,894,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 4,036 shares during the period. BNP Paribas Financial Markets increased its position 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 last quarter. Barclays PLC increased its stake in EVI Industries by 206.6% in the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 4,881 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in EVI Industries during the second quarter worth approximately $158,000. Finally, JPMorgan Chase & Co. raised its holdings in EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 5,474 shares in the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 13th.

EVI Industries Stock Performance

Shares of NYSEAMERICAN EVI opened at $17.13 on Monday. 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 $243.76 million, a price-to-earnings ratio of 34.26 and a beta of 0.40. EVI Industries, Inc. has a one year low of $14.51 and a one year high of $25.50.

EVI Industries (NYSEAMERICAN:EVI) last released its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $0.21 earnings per share for the quarter. The firm had revenue of $93.63 million during the quarter. EVI Industries had a return on equity of 5.65% and a net margin of 2.11%.

EVI Industries 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.