EVI Industries (NYSEAMERICAN:EVI) Rating Lowered to Hold at StockNews.com

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

EVI Industries Stock Performance

EVI Industries stock opened at $20.23 on Monday. EVI Industries has a 12 month low of $14.51 and a 12 month high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.46 and a quick ratio of 0.77. The company has a market cap of $257.53 million, a PE ratio of 52.58 and a beta of 0.34.

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

EVI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Comerica Bank boosted its position in EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock worth $1,820,000 after purchasing an additional 25,570 shares in the last quarter. Raymond James & Associates lifted its stake in EVI Industries by 2.7% in the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after buying an additional 4,918 shares in the last quarter. Vanguard Group Inc. increased its position in EVI Industries by 9.0% during the first quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock worth $7,233,000 after buying an additional 23,880 shares in the last quarter. Swedbank AB acquired a new stake in shares of EVI Industries during the 1st quarter worth about $9,338,000. Finally, Gladius Capital Management LP purchased a new stake in shares of EVI Industries during the second quarter worth about $29,000. Hedge funds and other institutional investors 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.