EVI Industries (NYSEAMERICAN:EVI) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of EVI Industries (NYSEAMERICAN:EVI) from a buy rating to a hold rating in a research report released on Monday.

EVI Industries Price Performance

EVI opened at $21.76 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46. The firm has a market cap of $277.00 million, a PE ratio of 57.26 and a beta of 0.34. EVI Industries has a 12-month low of $14.51 and a 12-month high of $27.01.

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

EVI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Comerica Bank raised its stake in shares of EVI Industries by 53.8% during the 1st quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock worth $1,820,000 after acquiring an additional 25,570 shares in the last quarter. Raymond James & Associates increased its position in shares of EVI Industries by 2.7% during the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after purchasing an additional 4,918 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 23,880 shares in the last quarter. Swedbank AB purchased a new stake in shares of EVI Industries during the 1st quarter valued at $9,338,000. Finally, Gladius Capital Management LP acquired a new stake in shares of EVI Industries in the 2nd quarter worth $29,000. 37.30% of the stock is owned by institutional investors.

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.