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

Conestoga Capital Advisors LLC trimmed its stake in EVI Industries, Inc. (NYSEAMERICAN:EVI) by 19.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 701,876 shares of the industrial products company’s stock after selling 170,679 shares during the period. Conestoga Capital Advisors LLC owned about 5.46% of EVI Industries worth $14,445,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. North Star Investment Management Corp. grew its position in shares of EVI Industries by 21.6% in the 1st quarter. North Star Investment Management Corp. now owns 62,000 shares of the industrial products company’s stock valued at $1,276,000 after buying an additional 11,000 shares during the last quarter. Bard Associates Inc. raised its position in shares of EVI Industries by 4.5% during the fourth quarter. Bard Associates Inc. now owns 14,720 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 631 shares during the last quarter. State Street Corp lifted its stake in shares of EVI Industries by 0.8% in the fourth quarter. State Street Corp now owns 89,460 shares of the industrial products company’s stock worth $2,204,000 after acquiring an additional 715 shares during the period. Wells Fargo & Company MN lifted its stake in shares of EVI Industries by 12.6% in the fourth quarter. Wells Fargo & Company MN now owns 16,498 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,852 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of EVI Industries by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 16,697 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 700 shares during the period. 37.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

EVI Industries Price Performance

Shares of NYSEAMERICAN EVI opened at $15.00 on Thursday. The company has a market capitalization of $193.05 million, a PE ratio of 33.33 and a beta of 0.07. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 0.41. EVI Industries, Inc. has a twelve month low of $14.06 and a twelve month high of $34.82. The firm has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $20.78.

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

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.