Comerica Bank Raises Position in EVI Industries, Inc. $EVI

Comerica Bank lifted its stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 66.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,710 shares of the industrial products company’s stock after purchasing an additional 59,965 shares during the period. Comerica Bank’s holdings in EVI Industries were worth $3,713,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 491 shares during the period. Tower Research Capital LLC TRC boosted 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 valued at $44,000 after purchasing an additional 1,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $64,000 after purchasing an additional 829 shares during the period. Bank of America Corp DE boosted its holdings 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 valued at $82,000 after purchasing an additional 1,416 shares during the period. Finally, Rhumbline Advisers boosted its holdings in EVI Industries by 21.4% in 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. Hedge funds and other institutional investors own 37.30% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of EVI Industries in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $35.00.

EVI Industries Stock Performance

NYSEAMERICAN EVI opened at $18.25 on Friday. EVI Industries, Inc. has a 52-week low of $14.99 and a 52-week high of $34.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.58. The company has a market capitalization of $234.70 million, a P/E ratio of 38.83 and a beta of 0.05. The company has a fifty day moving average of $20.40 and a 200-day moving average of $22.85.

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

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. 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.