Conestoga Capital Advisors LLC bought a new stake in shares of Envirostar Inc (NYSEAMERICAN:EVI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 245,860 shares of the industrial products company’s stock, valued at approximately $9,834,000. Conestoga Capital Advisors LLC owned about 2.27% of Envirostar as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Envirostar by 87.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,742 shares of the industrial products company’s stock worth $149,000 after buying an additional 1,747 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Envirostar during the 2nd quarter worth $100,000. California State Teachers Retirement System purchased a new stake in shares of Envirostar during the 2nd quarter worth $168,000. Teachers Advisors LLC purchased a new stake in shares of Envirostar during the 2nd quarter worth $170,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Envirostar during the 3rd quarter worth $208,000.
Several research analysts recently issued reports on EVI shares. TheStreet raised Envirostar from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. BidaskClub raised Envirostar from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th.
Shares of Envirostar Inc (NYSEAMERICAN EVI) traded down $1.80 during mid-day trading on Wednesday, hitting $36.20. The stock had a trading volume of 25,984 shares, compared to its average volume of 31,470. The firm has a market capitalization of $390.78, a price-to-earnings ratio of 126.38 and a beta of 1.16. Envirostar Inc has a fifty-two week low of $17.30 and a fifty-two week high of $43.10.
Envirostar (NYSEAMERICAN:EVI) last posted its earnings results on Tuesday, November 14th. The industrial products company reported $0.05 EPS for the quarter. The firm had revenue of $26.27 million for the quarter. Envirostar had a return on equity of 6.91% and a net margin of 2.14%.
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EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.
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