North Star Investment Management Corp. Acquires 35,000 Shares of EVI Industries, Inc. $EVI

North Star Investment Management Corp. boosted its holdings in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 218.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,000 shares of the industrial products company’s stock after acquiring an additional 35,000 shares during the quarter. North Star Investment Management Corp.’s holdings in EVI Industries were worth $1,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted 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 valued at $44,000 after acquiring an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets lifted 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 valued at $50,000 after acquiring an additional 491 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $64,000 after acquiring an additional 829 shares in the last quarter. Bank of America Corp DE lifted 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 valued at $82,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Rhumbline Advisers lifted 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 valued at $90,000 after acquiring an additional 940 shares in the last quarter. 37.30% of the stock is owned by institutional investors.

EVI Industries Price Performance

Shares of EVI opened at $18.57 on Friday. The firm has a market cap of $238.81 million, a PE ratio of 39.51 and a beta of 0.11. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $22.89. EVI Industries, Inc. has a 1-year low of $14.99 and a 1-year high of $34.82.

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 company had revenue of $115.29 million for the quarter, compared to analysts’ expectations of $108.00 million. EVI Industries had a net margin of 1.72% and a return on equity of 5.18%.

Wall Street Analyst Weigh In

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