Insider Selling: EVI Industries, Inc. (NYSEAMERICAN:EVI) EVP Sells 442 Shares of Stock

EVI Industries, Inc. (NYSEAMERICAN:EVI) EVP Thomas Marks sold 442 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.02, for a total value of $11,058.84. Following the transaction, the executive vice president now directly owns 103,340 shares in the company, valued at approximately $2,585,566.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Marks also recently made the following trade(s):

• On Tuesday, November 14th, Thomas Marks sold 7,465 shares of EVI Industries stock. The stock was sold at an average price of $25.21, for a total value of $188,192.65.

EVI Industries Price Performance

NYSEAMERICAN:EVI traded down $0.52 on Monday, reaching $24.17. The company’s stock had a trading volume of 18,596 shares, compared to its average volume of 23,488. EVI Industries, Inc. has a 12-month low of $17.00 and a 12-month high of $28.65. The company has a market capitalization of $305.99 million, a P/E ratio of 43.91 and a beta of 0.39. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 0.25.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Wednesday, October 4th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter. EVI Industries had a return on equity of 6.30% and a net margin of 2.27%. The firm had revenue of $94.04 million during the quarter.

Hedge Funds Weigh In On EVI Industries

Several large investors have recently made changes to their positions in the stock. US Bancorp DE increased its holdings in EVI Industries by 214.3% in the 1st quarter. US Bancorp DE now owns 1,320 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 900 shares during the last quarter. Barclays PLC purchased a new position in shares of EVI Industries during the fourth quarter worth $29,000. California State Teachers Retirement System purchased a new position in shares of EVI Industries during the second quarter worth $35,000. BNP Paribas Arbitrage SNC grew its stake in shares of EVI Industries by 68,233.3% in the second quarter. BNP Paribas Arbitrage SNC now owns 2,050 shares of the industrial products company’s stock valued at $45,000 after buying an additional 2,047 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of EVI Industries in the 2nd quarter valued at $46,000. 36.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com started coverage on shares of EVI Industries in a research report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet raised shares of EVI Industries from a “c” rating to a “b-” rating in a research note on Thursday, October 5th.

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.