Fifth Third Bancorp Makes New $3.10 Million Investment in EVI Industries, Inc. $EVI

Fifth Third Bancorp acquired a new position in shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 150,710 shares of the industrial products company’s stock, valued at approximately $3,102,000.

A number of other large investors have also recently made changes to their positions in EVI. BNP Paribas Financial Markets increased its position in shares of EVI Industries by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 491 shares during the period. Empire Life Investments Inc. grew its stake in EVI Industries by 0.3% during the 4th quarter. Empire Life Investments Inc. now owns 168,427 shares of the industrial products company’s stock valued at $4,150,000 after purchasing an additional 547 shares during the last quarter. Deutsche Bank AG grew its stake in EVI Industries by 17.5% during the 4th quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 597 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of 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 purchasing an additional 622 shares during the period. Finally, Bard Associates Inc. increased its holdings in shares of EVI Industries by 4.5% in the fourth quarter. Bard Associates Inc. now owns 14,720 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 631 shares during the period. 37.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their target price on EVI Industries from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $32.00.

EVI Industries Stock Performance

Shares of EVI Industries stock opened at $16.52 on Monday. The stock has a market cap of $212.61 million, a PE ratio of 36.71 and a beta of 0.07. The firm has a fifty day moving average price of $16.58 and a 200 day moving average price of $20.11. EVI Industries, Inc. has a 1 year low of $14.06 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.60 and a quick ratio of 0.76.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Monday, May 11th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $101.13 million for the quarter, compared to analyst estimates of $111.30 million. EVI Industries had a return on equity of 4.92% and a net margin of 1.63%.

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.