Renaissance Technologies LLC Increases Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Renaissance Technologies LLC lifted its holdings in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 18.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,765 shares of the industrial products company’s stock after acquiring an additional 2,168 shares during the quarter. Renaissance Technologies LLC owned 0.11% of EVI Industries worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EVI. Gladius Capital Management LP purchased a new stake in shares of EVI Industries during the 2nd quarter valued at $29,000. American International Group Inc. increased its holdings in EVI Industries by 35.6% during the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock worth $80,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in EVI Industries by 42.8% during the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock worth $121,000 after buying an additional 1,454 shares during the last quarter. Bank of New York Mellon Corp raised its position in EVI Industries by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,422 shares during the period. Finally, Comerica Bank boosted 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 last quarter. 37.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of EVI Industries from a “hold” rating to a “buy” rating in a research note on Friday.

EVI Industries Trading Up 3.3 %

NYSEAMERICAN:EVI opened at $19.24 on Friday. The firm has a market cap of $243.96 million, a P/E ratio of 50.63 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46. EVI Industries, Inc. has a 52-week low of $14.51 and a 52-week high of $28.65.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. EVI Industries had a return on equity of 4.22% and a net margin of 1.60%. The firm had revenue of $90.15 million for the quarter.

EVI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.44%. The ex-dividend date was Thursday, September 26th.

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.