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

North Star Investment Management Corp. lifted its position in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 218.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,000 shares of the industrial products company’s stock after acquiring an additional 35,000 shares during the period. North Star Investment Management Corp. owned 0.35% of EVI Industries worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 491 shares in the last quarter. Natixis Advisors LLC raised its position in shares of EVI Industries by 1.7% in the 3rd quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock worth $1,154,000 after acquiring an additional 622 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of EVI Industries by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock worth $1,565,000 after acquiring an additional 665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 acquiring an additional 829 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of EVI Industries by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 852 shares in the last quarter. Institutional investors own 37.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

EVI Industries Stock Performance

EVI Industries stock opened at $18.57 on Friday. 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 company has a market capitalization of $238.81 million, a P/E ratio of 39.51 and a beta of 0.11. The stock’s 50 day moving average is $20.40 and its 200 day moving average is $22.89. EVI Industries, Inc. has a twelve month low of $14.99 and a twelve month high of $34.82.

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

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.