Royce & Associates LP Buys 73,019 Shares of EVI Industries, Inc. $EVI

Royce & Associates LP grew its position in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 808,145 shares of the industrial products company’s stock after purchasing an additional 73,019 shares during the quarter. Royce & Associates LP owned approximately 6.29% of EVI Industries worth $25,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 1,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 during the period. Bank of America Corp DE lifted its position in shares of EVI Industries by 39.6% during 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 during the last quarter. Rhumbline Advisers boosted its stake in EVI Industries by 21.4% during the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 940 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in EVI Industries in the 3rd quarter valued at approximately $213,000. 37.30% of the stock is currently owned by institutional investors and hedge funds.

EVI Industries Trading Down 4.8%

Shares of NYSEAMERICAN:EVI opened at $19.43 on Monday. EVI Industries, Inc. has a 12-month low of $14.99 and a 12-month high of $34.82. The business has a 50 day moving average of $23.94 and a 200-day moving average of $25.33. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.40. The stock has a market cap of $249.87 million, a PE ratio of 41.34 and a beta of 0.08.

EVI Industries (NYSEAMERICAN:EVI) last announced its earnings results on Monday, February 9th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $115.29 million for the quarter, compared to the consensus estimate of $108.00 million. EVI Industries had a return on equity of 5.18% and a net margin of 1.72%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “buy” rating and set a $35.00 price target on shares of EVI Industries in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, EVI Industries currently has an average rating of “Buy” and a consensus price target of $35.00.

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.