EVI Industries (NYSEAMERICAN:EVI) Upgraded to “Buy” at StockNews.com

EVI Industries (NYSEAMERICAN:EVI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

EVI Industries Stock Down 1.3 %

Shares of NYSEAMERICAN EVI opened at $16.74 on Tuesday. EVI Industries has a 12 month low of $14.51 and a 12 month high of $25.50. The company has a market capitalization of $238.21 million, a price-to-earnings ratio of 33.48 and a beta of 0.35. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC raised its stake in shares of 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 valued at $14,986,000 after purchasing an additional 9,615 shares in the last quarter. Captrust Financial Advisors increased its holdings in EVI Industries by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock valued at $2,687,000 after buying an additional 1,472 shares during the period. State Street Corp raised its stake in shares of EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock valued at $1,739,000 after buying an additional 1,685 shares in the last quarter. King Luther Capital Management Corp bought a new position in shares of EVI Industries during the 3rd quarter worth about $694,000. Finally, Natixis Advisors LLC boosted 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 valued at $652,000 after acquiring an additional 1,485 shares in the last quarter. Institutional investors 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.