Conestoga Capital Advisors LLC Sells 170,679 Shares of EVI Industries, Inc. $EVI

Conestoga Capital Advisors LLC trimmed its holdings in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) by 19.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 701,876 shares of the industrial products company’s stock after selling 170,679 shares during the quarter. Conestoga Capital Advisors LLC owned 0.05% of EVI Industries worth $14,445,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EVI. Tower Research Capital LLC TRC raised its holdings in shares of EVI Industries by 237.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,408 shares during the period. BNP Paribas Financial Markets boosted its position in shares of EVI Industries by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of EVI Industries by 27.8% in the 1st 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 period. Bank of America Corp DE grew its stake in shares of EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock valued at $82,000 after buying an additional 1,416 shares during the period. Finally, Rhumbline Advisers increased its position in EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after buying an additional 940 shares in the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price target on EVI Industries from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $32.00.

EVI Industries Price Performance

Shares of EVI opened at $15.00 on Thursday. EVI Industries, Inc. has a 12-month low of $14.06 and a 12-month high of $34.82. The business’s fifty day moving average is $17.39 and its 200 day moving average is $20.78. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. The stock has a market cap of $193.05 million, a P/E ratio of 33.33 and a beta of 0.07.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly 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 business had revenue of $101.13 million for the quarter, compared to the consensus estimate of $111.30 million. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%.

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. 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.