EVI Industries (NYSEAMERICAN:EVI) Cut to “Hold” at StockNews.com

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

EVI Industries Price Performance

EVI Industries stock opened at $16.98 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The company has a market cap of $241.63 million, a PE ratio of 33.96 and a beta of 0.35. EVI Industries has a twelve month low of $14.51 and a twelve month high of $25.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 4,036 shares during the last quarter. BNP Paribas Financial Markets grew its stake in 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 buying an additional 2,387 shares in 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 buying an additional 4,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of EVI Industries during the 2nd quarter valued at $158,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of EVI Industries by 112.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 5,474 shares during the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

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.