StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI - Free Report) from a hold rating to a buy rating in a research report released on Wednesday.
EVI Industries Price Performance
EVI traded up $0.32 on Wednesday, reaching $19.83. The stock had a trading volume of 3,079 shares, compared to its average volume of 16,761. EVI Industries has a fifty-two week low of $14.51 and a fifty-two week high of $27.90. The stock has a market cap of $251.44 million, a PE ratio of 52.18 and a beta of 0.34. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.09.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $90.15 million during the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%.
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 paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.24 annualized dividend and a yield of 6.25%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Comerica Bank grew its stake in EVI Industries by 53.8% in the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company's stock valued at $1,820,000 after acquiring an additional 25,570 shares during the period. Raymond James & Associates increased its stake in EVI Industries by 2.7% during the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company's stock valued at $3,559,000 after purchasing an additional 4,918 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $7,233,000 after buying an additional 23,880 shares during the last quarter. Swedbank AB bought a new position in shares of EVI Industries in the first quarter valued at $9,338,000. Finally, Gladius Capital Management LP acquired a new position in shares of EVI Industries during the second quarter valued at about $29,000. Institutional investors and hedge funds own 37.30% of the company's stock.
About EVI Industries
(
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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.
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