EVI Industries, Inc. (NYSEAMERICAN:EVI) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp grew its holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) by 416.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,500 shares of the industrial products company's stock after buying an additional 149,591 shares during the quarter. King Luther Capital Management Corp owned 1.30% of EVI Industries worth $3,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EVI. JPMorgan Chase & Co. boosted its stake in shares of EVI Industries by 112.5% in the third 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 last quarter. Barclays PLC boosted its stake in shares of EVI Industries by 206.6% in the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company's stock worth $139,000 after acquiring an additional 4,881 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EVI Industries by 122.3% in the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock worth $84,000 after acquiring an additional 2,387 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of EVI Industries by 1.1% in the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company's stock worth $2,687,000 after acquiring an additional 1,472 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of EVI Industries by 1.9% in the third quarter. State Street Corp now owns 88,520 shares of the industrial products company's stock worth $1,739,000 after acquiring an additional 1,685 shares during the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered EVI Industries from a "buy" rating to a "hold" rating in a research note on Monday, January 13th.

EVI Industries Stock Performance

NYSEAMERICAN EVI traded up $0.38 on Friday, reaching $18.00. 11,433 shares of the company were exchanged, compared to its average volume of 14,607. The firm has a market capitalization of $229.68 million, a P/E ratio of 37.50 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.58. EVI Industries, Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $25.50.

EVI Industries 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.