Swedbank AB Invests $9.34 Million in EVI Industries, Inc. (NYSEAMERICAN:EVI)

Swedbank AB bought a new position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) during the 1st quarter, HoldingsChannel reports. The fund bought 375,000 shares of the industrial products company’s stock, valued at approximately $9,338,000.

Several other large investors also recently modified their holdings of EVI. Conestoga Capital Advisors LLC boosted its stake in EVI Industries by 6.6% in the first quarter. Conestoga Capital Advisors LLC now owns 647,161 shares of the industrial products company’s stock valued at $16,114,000 after buying an additional 40,120 shares in the last quarter. Comerica Bank boosted its stake in EVI Industries by 53.8% in the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock valued at $1,820,000 after buying an additional 25,570 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $7,233,000 after buying an additional 23,880 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in EVI Industries by 489.9% in the fourth quarter. Carmel Capital Partners LLC now owns 11,060 shares of the industrial products company’s stock valued at $262,000 after buying an additional 9,185 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in EVI Industries by 42.8% in the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after buying an additional 1,454 shares in the last quarter. 37.30% of the stock is owned by institutional investors and hedge funds.

EVI Industries Stock Performance

NYSEAMERICAN:EVI traded down $1.52 during trading hours on Friday, hitting $17.03. The company’s stock had a trading volume of 8,469 shares, compared to its average volume of 22,162. The firm has a market capitalization of $215.94 million, a PE ratio of 46.22 and a beta of 0.38. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. EVI Industries, Inc. has a twelve month low of $16.00 and a twelve month high of $28.65.

EVI Industries (NYSEAMERICAN:EVI) last released its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.06 earnings per share for the quarter. EVI Industries had a return on equity of 4.13% and a net margin of 1.53%. The business had revenue of $83.98 million for the quarter.

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.