BidaskClub cut shares of Envirostar Inc (NYSEMKT:EVI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Shares of Envirostar (NYSEMKT:EVI) opened at 23.65 on Tuesday. Envirostar has a 1-year low of $6.72 and a 1-year high of $36.00. The stock has a market capitalization of $245.23 million, a price-to-earnings ratio of 71.02 and a beta of 0.42. The company’s 50 day moving average is $29.84 and its 200-day moving average is $25.24.

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Several large investors have recently made changes to their positions in EVI. Schwab Charles Investment Management Inc. purchased a new stake in shares of Envirostar during the 2nd quarter valued at about $214,000. Teachers Advisors LLC purchased a new stake in shares of Envirostar during the 2nd quarter valued at about $170,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Envirostar during the 2nd quarter valued at about $257,000. New York State Common Retirement Fund purchased a new stake in shares of Envirostar during the 2nd quarter valued at about $100,000. Finally, Northern Trust Corp purchased a new stake in shares of Envirostar during the 2nd quarter valued at about $1,005,000.

Envirostar Company Profile

EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.

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