EVI Industries (NYSEAMERICAN:EVI) Raised 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 note issued to investors on Thursday.

EVI Industries Trading Up 0.1 %

EVI stock opened at $20.04 on Thursday. The firm has a market cap of $254.11 million, a price-to-earnings ratio of 52.74 and a beta of 0.34. EVI Industries has a 1-year low of $14.51 and a 1-year high of $27.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.46 and a quick ratio of 0.77.

EVI Industries (NYSEAMERICAN:EVI) last issued its earnings results 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 return on equity of 4.22% and a net margin of 1.60%.

EVI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On EVI Industries

Several institutional investors have recently bought and sold shares of EVI. Comerica Bank lifted its position in EVI Industries by 53.8% in 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 during the period. Raymond James & Associates lifted its holdings in shares of EVI Industries by 2.7% in the second 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 during the period. Vanguard Group Inc. boosted its stake 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 valued at $7,233,000 after buying an additional 23,880 shares in the last quarter. Swedbank AB acquired a new position in EVI Industries during the first quarter worth about $9,338,000. Finally, Gladius Capital Management LP bought a new stake in EVI Industries in the second quarter worth about $29,000. Institutional investors and hedge funds 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.