EVI Industries (NYSEAMERICAN:EVI) Upgraded at StockNews.com

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a research note published on Friday.

EVI Industries Stock Up 1.9 %

EVI Industries stock opened at $19.61 on Friday. EVI Industries has a 12-month low of $14.51 and a 12-month high of $28.65. The stock has a market cap of $248.65 million, a price-to-earnings ratio of 53.00 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46.

EVI Industries Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, September 26th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 26th.

Institutional Trading of EVI Industries

A number of hedge funds have recently made changes to their positions in the company. Swedbank AB acquired a new position in EVI Industries in the first quarter worth $9,338,000. Conestoga Capital Advisors LLC boosted its holdings in shares of EVI Industries by 18.3% during the second quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock valued at $14,486,000 after acquiring an additional 118,490 shares during the period. Comerica Bank boosted its holdings in shares of EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock valued at $1,820,000 after acquiring an additional 25,570 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $7,233,000 after acquiring an additional 23,880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of EVI Industries during the second quarter valued at $158,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.

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.