EVI Industries (NYSEAMERICAN:EVI) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a report issued on Tuesday.

EVI Industries Price Performance

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

Institutional Investors Weigh In On EVI Industries

A number of institutional investors have recently added to or reduced their stakes in EVI. FMR LLC boosted its stake in EVI Industries by 1,868.5% during the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after buying an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $84,000 after purchasing an additional 2,387 shares during the period. Barclays PLC raised its holdings in shares of EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after buying an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries during the 2nd quarter worth approximately $158,000. Finally, JPMorgan Chase & Co. grew its position in EVI Industries by 112.5% in the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 5,474 shares during the period. 37.30% of the stock is owned by institutional investors and hedge funds.

About EVI Industries

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.