Ownership Action To Observe: Is Envirostar Inc (NYSEMKT:EVI) Going to Burn These Institutional Investors?

November 21, 2016 - By Darrin Black   ·   0 Comments

Ownership Action To Observe: Is Envirostar Inc (NYSEMKT:EVI) Going to Burn These Institutional Investors?

Sentiment for Envirostar Inc (NYSEMKT:EVI)

Envirostar Inc (NYSEMKT:EVI) institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.93, from 0.4 in 2016Q1. The ratio is positive, as 2 institutional investors opened new or increased holdings, while 5 decreased and sold their stakes in Envirostar Inc. The institutional investors in our partner’s database reported: 1.29 million shares, down from 2.58 million shares in 2016Q1. Also, the number of institutional investors holding Envirostar Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 2 New Position: 0.

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 creates and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers. The company has a market cap of $148.35 million. The Company, through its subsidiary, DRYCLEAN USA License Corp. owns rights to the name DRYCLEAN USA, which it franchises and licenses to retail drycleaners in the United States, the Caribbean and Latin America. It has a 59.22 P/E ratio. It sells a line of commercial and industrial laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, as well as related replacement parts and accessories, and provides maintenance services.

About 31,483 shares traded hands or 4.90% up from the average. Envirostar Inc (NYSEMKT:EVI) has risen 270.67% since April 19, 2016 and is uptrending. It has outperformed by 266.81% the S&P500.

According to Zacks Investment Research, “EnviroStar, Inc., through its main subsidiary Steiner-Atlantic Corp., distributes industrial boilers, commercial laundry and dry cleaning equipment, parts and technical service in the United States, the Caribbean and Latin America. Their products include their proprietary lines of machines under the Aero-Tech, Multi-Jet and Green Jet brand names as well as brands such as MILNOR, CHICAGO, ADC, CLEAVER-BROOKS, FULTON, IPSO, CISSELL, UNION, REMA, INGERSOLL-RAND, UNIPRESS, FORENTA, and WHITE. The Company seeks to establish customer satisfaction by offering: design and layout assistance with their in-house architectural design services; competitive pricing; comprehensive equipment, parts and accessories; full-service delivery, rigging, startup, training and preventive maintenance programs; full-service staff with toll-free support line to resolve customer service and technical issues. The Company emphasizes on sales of environmentally safe and efficient equipment into various commercial and industrial markets.”

EVI Company Profile

EnviroStar, Inc., incorporated on June 13, 1963, 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 creates and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers. The Company, through its subsidiary, DRYCLEAN USA License Corp. owns rights to the name DRYCLEAN USA, which it franchises and licenses to retail drycleaners in the United States, the Caribbean and Latin America. The Firm sells a line of commercial and industrial laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, as well as related replacement parts and accessories, and provides maintenance services.

More important recent Envirostar Inc (NYSEMKT:EVI) news were published by: Businesswire.com which released: “EnviroStar, Inc. Announces a Change in Control” on March 09, 2015, also Businesswire.com published article titled: “EnviroStar, Inc. Announces Completion of the Acquisition of Western State …”, Businesswire.com published: “EnviroStar, Inc. Appoints a New Director” on May 18, 2015. More interesting news about Envirostar Inc (NYSEMKT:EVI) was released by: Seekingalpha.com and their article: “EnviroStar Is Still A Great Long-Term Investment” with publication date: September 23, 2015.

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By Darrin Black


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