Royce & Associates LP increased its position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI – Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 844,417 shares of the industrial products company’s stock after purchasing an additional 36,272 shares during the quarter. Royce & Associates LP owned approximately 0.06% of EVI Industries worth $20,806,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of EVI Industries by 30,492.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,212,392 shares of the industrial products company’s stock worth $29,873,000 after purchasing an additional 1,208,429 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of EVI Industries by 8.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 872,555 shares of the industrial products company’s stock worth $21,500,000 after purchasing an additional 65,885 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of EVI Industries by 4.2% during the third quarter. King Luther Capital Management Corp now owns 219,443 shares of the industrial products company’s stock worth $6,937,000 after purchasing an additional 8,943 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of EVI Industries by 5.5% during the third quarter. Raymond James Financial Inc. now owns 190,512 shares of the industrial products company’s stock worth $6,022,000 after purchasing an additional 9,883 shares in the last quarter. Finally, Empire Life Investments Inc. increased its position in shares of EVI Industries by 0.3% during the fourth quarter. Empire Life Investments Inc. now owns 168,427 shares of the industrial products company’s stock worth $4,150,000 after purchasing an additional 547 shares in the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, DA Davidson dropped their price target on EVI Industries from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, EVI Industries currently has a consensus rating of “Buy” and a consensus price target of $32.00.
EVI Industries Stock Up 0.1%
Shares of NYSEAMERICAN:EVI opened at $17.23 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $19.92 and a two-hundred day moving average of $21.79. The stock has a market cap of $221.75 million, a P/E ratio of 38.29 and a beta of 0.05. EVI Industries, Inc. has a 52-week low of $15.61 and a 52-week high of $34.82.
EVI Industries (NYSEAMERICAN:EVI – Get Free Report) last issued its earnings results on Monday, May 11th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $101.13 million during the quarter, compared to analysts’ expectations of $111.30 million. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%.
EVI Industries 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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.
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