StockNews.com Downgrades EVI Industries (NYSEAMERICAN:EVI) to Hold

EVI Industries (NYSEAMERICAN:EVI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

EVI Industries Stock Up 1.5 %

Shares of EVI Industries stock opened at $17.26 on Monday. The stock has a market cap of $245.61 million, a price-to-earnings ratio of 34.52 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. EVI Industries has a 1-year low of $14.51 and a 1-year high of $25.50.

Hedge Funds Weigh In On EVI Industries

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after buying an additional 5,474 shares during the last quarter. Barclays PLC raised its position in shares of 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 acquiring an additional 4,881 shares during the last quarter. State Street Corp lifted 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 purchasing an additional 1,685 shares during the period. Captrust Financial Advisors lifted its stake in shares of 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 purchasing an additional 1,472 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of EVI Industries by 122.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 2,387 shares during the last quarter. Institutional investors and hedge funds 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.