Raymond James Financial Inc. Invests $2.86 Million in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Raymond James Financial Inc. purchased a new position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 175,121 shares of the industrial products company's stock, valued at approximately $2,863,000. Raymond James Financial Inc. owned 1.23% of EVI Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EVI. Barclays PLC boosted its holdings in EVI Industries by 206.6% during the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company's stock worth $139,000 after buying an additional 4,881 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EVI Industries by 112.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company's stock worth $200,000 after acquiring an additional 5,474 shares in the last quarter. Bard Associates Inc. grew its position in shares of EVI Industries by 6.7% during the 4th quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company's stock valued at $198,000 after acquiring an additional 764 shares during the period. Natixis Advisors LLC increased its stake in shares of EVI Industries by 5.5% in the 4th quarter. Natixis Advisors LLC now owns 35,590 shares of the industrial products company's stock valued at $582,000 after purchasing an additional 1,864 shares in the last quarter. Finally, State Street Corp raised its holdings in EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company's stock worth $1,739,000 after purchasing an additional 1,685 shares during the period. Hedge funds and other institutional investors own 37.30% of the company's stock.

EVI Industries Trading Up 4.3 %

NYSEAMERICAN:EVI traded up $0.69 during trading hours on Friday, reaching $16.82. 7,415 shares of the company were exchanged, compared to its average volume of 16,211. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.58. The firm has a market cap of $214.62 million, a price-to-earnings ratio of 35.04 and a beta of 0.40. EVI Industries, Inc. has a twelve month low of $14.51 and a twelve month high of $23.75. The stock has a 50-day moving average of $17.33.

Analyst Ratings Changes

Separately, StockNews.com lowered EVI Industries from a "buy" rating to a "hold" rating in a report on Monday, January 13th.

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.