King Luther Capital Management Corp Has $3.03 Million Stake in EVI Industries, Inc. (NYSEAMERICAN:EVI)

King Luther Capital Management Corp boosted its holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 416.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,500 shares of the industrial products company’s stock after purchasing an additional 149,591 shares during the period. King Luther Capital Management Corp’s holdings in EVI Industries were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of EVI Industries during the 4th quarter worth approximately $2,863,000. Conestoga Capital Advisors LLC raised its position in EVI Industries by 1.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 788,616 shares of the industrial products company’s stock worth $12,894,000 after acquiring an additional 13,350 shares in the last quarter. Bard Associates Inc. bought a new position in shares of EVI Industries in the 3rd quarter valued at about $223,000. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 5,474 shares during the last quarter. Finally, Barclays PLC lifted its stake in EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 4,881 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 13th.

EVI Industries Price Performance

EVI stock opened at $18.00 on Thursday. EVI Industries, Inc. has a 1-year low of $14.51 and a 1-year high of $25.50. The company has a market cap of $229.68 million, a P/E ratio of 37.50 and a beta of 0.40. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

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.