EVI Industries (EVI) – Research Analysts’ Weekly Ratings Changes

EVI Industries (NYSEAMERICAN: EVI) recently received a number of ratings updates from brokerages and research firms:

• 10/23/2024 – EVI Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/17/2024 – EVI Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/11/2024 – EVI Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/5/2024 – EVI Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/27/2024 – EVI Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/20/2024 – EVI Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

EVI Industries Trading Up 1.5 %

EVI traded up $0.29 on Friday, hitting $19.76. The company had a trading volume of 2,817 shares, compared to its average volume of 16,626. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The firm has a market cap of $250.56 million, a P/E ratio of 52.00 and a beta of 0.34. EVI Industries, Inc. has a 12-month low of $14.51 and a 12-month high of $27.90.

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

EVI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On EVI Industries

Several hedge funds have recently added to or reduced their stakes in EVI. American International Group Inc. increased 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 worth $80,000 after buying an additional 838 shares during the last quarter. Bank of New York Mellon Corp boosted its position in EVI Industries by 7.1% in 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 buying an additional 1,422 shares during the period. BNP Paribas Financial Markets lifted its position 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 purchasing an additional 1,454 shares during the last quarter. Gladius Capital Management LP purchased a new stake in EVI Industries in the second quarter valued at $29,000. Finally, Renaissance Technologies LLC lifted its position in EVI Industries by 18.7% in the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 2,168 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

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.