King Luther Capital Management Corp Invests $694,000 in EVI Industries, Inc. (NYSEAMERICAN:EVI)

King Luther Capital Management Corp bought a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,909 shares of the industrial products company’s stock, valued at approximately $694,000. King Luther Capital Management Corp owned about 0.28% of EVI Industries as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EVI. Natixis Advisors LLC lifted its position in shares of EVI Industries by 4.6% during the 3rd quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,485 shares in the last quarter. Bard Associates Inc. bought a new stake in EVI Industries during the third quarter worth $223,000. Conestoga Capital Advisors LLC boosted its position in EVI Industries by 1.3% in the third quarter. Conestoga Capital Advisors LLC now owns 775,266 shares of the industrial products company’s stock worth $14,986,000 after purchasing an additional 9,615 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in EVI Industries in the 2nd quarter valued at $158,000. Finally, Renaissance Technologies LLC increased its position in shares of EVI Industries by 18.7% during the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares during the last quarter. Institutional investors own 37.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of EVI Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

EVI Industries Stock Up 5.7 %

EVI Industries stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries, Inc. has a one year low of $14.51 and a one year high of $27.00. The firm has a market capitalization of $285.74 million, a PE ratio of 40.16 and a beta of 0.34.

EVI Industries (NYSEAMERICAN:EVI) last announced 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 return on equity of 5.65% and a net margin of 2.11%. The firm had revenue of $90.15 million for the quarter.

EVI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, September 26th were issued a $0.31 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.24 annualized dividend and a dividend yield of 6.18%.

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.