EVI Industries (NYSEAMERICAN:EVI) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a research report report published on Friday.

EVI Industries Price Performance

NYSEAMERICAN:EVI opened at $19.12 on Friday. EVI Industries has a 1-year low of $14.51 and a 1-year high of $28.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 0.80. The firm has a market capitalization of $242.44 million, a P/E ratio of 51.68 and a beta of 0.34.

EVI Industries Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, September 26th will be paid a $0.31 dividend. The ex-dividend date is Thursday, September 26th.

Hedge Funds Weigh In On EVI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries in the second quarter valued at $158,000. Renaissance Technologies LLC boosted 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 purchasing an additional 2,168 shares during the period. Conestoga Capital Advisors LLC boosted its position in EVI Industries by 18.3% during the second quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock worth $14,486,000 after purchasing an additional 118,490 shares during the period. Bank of New York Mellon Corp boosted its position in EVI Industries by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 1,422 shares during the period. Finally, Raymond James & Associates boosted its position in EVI Industries by 2.7% during the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after purchasing an additional 4,918 shares during the period. 37.30% of the stock is owned by institutional investors.

About EVI Industries

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.