Comerica Bank Purchases 59,965 Shares of EVI Industries, Inc. $EVI

Key Points

• Comerica Bank increased its stake in EVI Industries by 66.1% in Q4, buying 59,965 shares to own 150,710 shares (about 1.05% of the company) valued at roughly $3.71 million per its SEC filing.
• EVI posted Q4 EPS of $0.15 (missing estimates by $0.01) while revenue of $115.29M beat expectations; shares opened at $18.25 (down ~1.7%), with a market cap of $234.7M and a P/E around 38.8.

Comerica Bank raised its position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) by 66.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,710 shares of the industrial products company's stock after acquiring an additional 59,965 shares during the quarter. Comerica Bank owned about 1.05% of EVI Industries worth $3,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of EVI Industries by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company's stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of EVI Industries by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company's stock worth $1,154,000 after purchasing an additional 622 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of EVI Industries by 1.4% during the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company's stock worth $1,565,000 after purchasing an additional 665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EVI Industries by 27.8% during 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 purchasing an additional 829 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of EVI Industries by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company's stock worth $3,300,000 after purchasing an additional 852 shares in the last quarter. Institutional investors own 37.30% of the company's stock.

EVI Industries Trading Down 1.7%

Shares of EVI stock opened at $18.25 on Friday. The company has a 50 day moving average of $20.40 and a 200-day moving average of $22.85. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.40. EVI Industries, Inc. has a 12-month low of $14.99 and a 12-month high of $34.82. The firm has a market cap of $234.70 million, a P/E ratio of 38.83 and a beta of 0.05.

EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $108.00 million.

Analyst Ratings Changes

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

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