Northwestern Mutual Wealth Management Co. Raises Holdings in EVI Industries, Inc. $EVI

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 30,492.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,212,392 shares of the industrial products company’s stock after acquiring an additional 1,208,429 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 8.41% of EVI Industries worth $29,873,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of EVI Industries by 45.2% during the third 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 during the last quarter. Empire Life Investments Inc. boosted its position in EVI Industries by 0.3% in the fourth quarter. Empire Life Investments Inc. now owns 168,427 shares of the industrial products company’s stock valued at $4,150,000 after buying an additional 547 shares during the last quarter. Natixis Advisors LLC boosted its position in EVI Industries by 1.7% in the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock valued at $1,154,000 after buying an additional 622 shares during the last quarter. Pathstone Holdings LLC boosted its position in EVI Industries by 1.4% in the third quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock valued at $1,565,000 after buying an additional 665 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in EVI Industries by 27.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after buying an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

EVI Industries Price Performance

Shares of NYSEAMERICAN EVI opened at $17.21 on Tuesday. The business’s 50 day moving average price is $20.09 and its 200 day moving average price is $22.19. The firm has a market cap of $221.49 million, a P/E ratio of 38.25 and a beta of 0.05. EVI Industries, Inc. has a 52 week low of $15.61 and a 52 week high of $34.82. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41.

EVI Industries (NYSEAMERICAN:EVI) last issued its earnings results on Monday, May 11th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The firm had revenue of $101.13 million during the quarter, compared to analysts’ expectations of $111.30 million. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their target price on EVI Industries from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $32.00.

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.