EVI Industries (NYSEAMERICAN:EVI) Receives Buy Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of EVI Industries (NYSEAMERICAN:EVI) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $32.00 price objective on the industrial products company’s stock.

EVI Industries Trading Down 4.0%

Shares of EVI Industries stock opened at $14.40 on Wednesday. EVI Industries has a 12-month low of $14.06 and a 12-month high of $34.82. The stock has a market capitalization of $185.33 million, a P/E ratio of 32.00 and a beta of 0.07. The company has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $19.90. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41.

EVI Industries (NYSEAMERICAN:EVI) last released its quarterly earnings results on Monday, May 11th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The firm had revenue of $101.13 million during the quarter, compared to analyst estimates of $111.30 million. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%.

Institutional Investors Weigh In On EVI Industries

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in EVI Industries by 237.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in EVI Industries by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in EVI Industries by 27.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 829 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of EVI Industries by 39.6% during the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of EVI Industries by 21.4% during the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 940 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors.

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. 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.