EVI Industries (NYSEAMERICAN:EVI) Upgraded at StockNews.com

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

EVI Industries Price Performance

Shares of EVI opened at $16.74 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. EVI Industries has a one year low of $14.51 and a one year high of $25.50. The stock has a market capitalization of $238.21 million, a P/E ratio of 33.48 and a beta of 0.35.

Institutional Trading of EVI Industries

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets grew its position in 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 buying an additional 2,387 shares in the last quarter. Barclays PLC increased its stake in EVI Industries by 206.6% during the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after buying an additional 4,881 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EVI Industries during the 2nd quarter worth about $158,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of EVI Industries by 112.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 5,474 shares during the period. 37.30% of the stock is currently owned by institutional investors and hedge funds.

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.