Empire Life Investments Inc. Has $4.50 Million Position in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Empire Life Investments Inc. lessened its stake in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,028 shares of the industrial products company’s stock after selling 2,644 shares during the quarter. Empire Life Investments Inc. owned about 1.84% of EVI Industries worth $4,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVI. Comerica Bank grew its position in EVI Industries by 53.8% in the 1st quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock worth $1,820,000 after purchasing an additional 25,570 shares in the last quarter. Raymond James & Associates lifted its stake in EVI Industries by 2.7% in the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after purchasing an additional 4,918 shares during the last quarter. Vanguard Group Inc. increased its position in EVI Industries by 9.0% in the first quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock worth $7,233,000 after buying an additional 23,880 shares during the last quarter. Swedbank AB bought a new stake in EVI Industries in the 1st quarter valued at about $9,338,000. Finally, Gladius Capital Management LP bought a new position in EVI Industries during the second quarter worth about $29,000. Institutional investors own 37.30% of the company’s stock.

EVI Industries Stock Performance

Shares of EVI stock opened at $19.98 on Friday. EVI Industries, Inc. has a 12-month low of $14.51 and a 12-month high of $27.90. The company has a market capitalization of $254.35 million, a P/E ratio of 52.58 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46.

EVI Industries (NYSEAMERICAN:EVI) last released its earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. EVI Industries had a return on equity of 4.22% and a net margin of 1.60%. The firm had revenue of $90.15 million during the quarter.

EVI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 26th were given a $0.31 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.24 annualized dividend and a yield of 6.21%.

Analyst Ratings Changes

Separately, StockNews.com lowered EVI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.

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.