Northwestern Mutual Wealth Management Co. Grows Position in EVI Industries, Inc. $EVI

Northwestern Mutual Wealth Management Co. grew its stake in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 30,492.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,212,392 shares of the industrial products company’s stock after buying an additional 1,208,429 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.08% of EVI Industries worth $29,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets boosted its position in EVI Industries by 45.2% in the 3rd 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 position in EVI Industries by 27.8% in the 1st 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 boosted its position in EVI Industries by 39.6% in the 4th 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 in the last quarter. Finally, Rhumbline Advisers boosted its position in EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

EVI Industries Trading Up 1.9%

Shares of EVI stock opened at $17.21 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.60 and a quick ratio of 0.76. The company has a market cap of $221.49 million, a price-to-earnings ratio of 38.25 and a beta of 0.05. The stock has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $22.19. EVI Industries, Inc. has a 1-year low of $15.61 and a 1-year high of $34.82.

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

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on EVI Industries from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $32.00.

EVI Industries 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. 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.