Raymond James Financial Inc. acquired a new stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 175,121 shares of the industrial products company's stock, valued at approximately $2,863,000. Raymond James Financial Inc. owned approximately 1.23% of EVI Industries at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in 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 during the last quarter. BNP Paribas Financial Markets grew its stake in EVI Industries by 122.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock worth $84,000 after buying an additional 2,387 shares during the last quarter. Barclays PLC increased its position 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 in the last quarter. Bard Associates Inc. raised its stake in EVI Industries by 6.7% in the fourth quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company's stock valued at $198,000 after buying an additional 764 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 37.30% of the company's stock.
EVI Industries Trading Up 1.2 %
EVI Industries stock traded up $0.21 during mid-day trading on Wednesday, reaching $17.57. 13,466 shares of the company traded hands, compared to its average volume of 15,973. The firm has a market capitalization of $224.19 million, a price-to-earnings ratio of 36.60 and a beta of 0.40. EVI Industries, Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $24.74. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of EVI Industries from a "buy" rating to a "hold" rating in a report on Monday, January 13th.
Get Our Latest Stock Analysis on EVI Industries
EVI Industries Company Profile
(
Free Report)
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.
Further Reading
Before you consider EVI Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVI Industries wasn't on the list.
While EVI Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
