Baxter International (BAX) Reaches $56.15 52-Week High, Envirostar (NYSEMKT:EVI) Sellers Increased By 15.44% Their Shorts

May 12, 2017 - By Richard Conner

Envirostar Incorporated (NYSEMKT:EVI) had an increase of 15.44% in short interest. EVI’s SI was 171,200 shares in May as released by FINRA. Its up 15.44% from 148,300 shares previously. With 16,800 avg volume, 10 days are for Envirostar Incorporated (NYSEMKT:EVI)’s short sellers to cover EVI’s short positions. The SI to Envirostar Incorporated’s float is 49.28%. About 2,915 shares traded. Envirostar Inc (NYSEMKT:EVI) has risen 208.76% since October 5, 2016 and is uptrending. It has outperformed by 197.90% the S&P500.

The stock of Baxter International Inc (NYSE:BAX) hit a new 52-week high and has $57.83 target or 3.00% above today’s $56.15 share price. The 5 months bullish chart indicates low risk for the $30.61 billion company. The 1-year high was reported on May, 12 by Barchart.com. If the $57.83 price target is reached, the company will be worth $918.30M more. About 222,605 shares traded. Baxter International Inc (NYSE:BAX) has risen 17.59% since October 5, 2016 and is uptrending. It has outperformed by 6.72% the S&P500.

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 market cap of $260.58 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 68.03 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.

Analysts await Baxter International Inc (NYSE:BAX) to report earnings on July, 25. They expect $0.57 earnings per share, up 23.91% or $0.11 from last year’s $0.46 per share. BAX’s profit will be $310.73M for 24.63 P/E if the $0.57 EPS becomes a reality. After $0.58 actual earnings per share reported by Baxter International Inc for the previous quarter, Wall Street now forecasts -1.72% negative EPS growth.

Since November 18, 2016, it had 0 insider purchases, and 9 selling transactions for $9.36 million activity. Shapazian Carole J sold $210,146 worth of Baxter International Inc (NYSE:BAX) on Tuesday, May 9. FORSYTH JOHN D also sold $206,938 worth of Baxter International Inc (NYSE:BAX) shares. $7.28M worth of Baxter International Inc (NYSE:BAX) was sold by Eyre Brik V. STORM KORNELIS J. sold $201,588 worth of stock. $596,490 worth of stock was sold by STALLKAMP THOMAS T on Friday, May 5. GAVIN JAMES R III sold 4,280 shares worth $221,362. $225,984 worth of Baxter International Inc (NYSE:BAX) was sold by STROUCKEN ALBERT P L.

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.04, from 0.83 in 2016Q3. It is positive, as 75 investors sold Baxter International Inc shares while 307 reduced holdings. 72 funds opened positions while 262 raised stakes. 440.21 million shares or 0.42% more from 438.38 million shares in 2016Q3 were reported. The California-based Clifford Swan Inv Counsel Limited Liability Com has invested 0.04% in Baxter International Inc (NYSE:BAX). Sabal Tru Communications invested 0.06% in Baxter International Inc (NYSE:BAX). 24,900 are owned by Affinity Invest Advsrs Ltd Llc. Moreover, Td Asset Mgmt has 0.03% invested in Baxter International Inc (NYSE:BAX) for 417,691 shares. 1St Inc accumulated 14,099 shares. Cubic Asset Mngmt Limited Liability Corp reported 0.6% of its portfolio in Baxter International Inc (NYSE:BAX). Schulhoff & Inc holds 0.14% or 5,090 shares. Ghp Inc reported 12,764 shares. Associated Banc accumulated 8,158 shares. Lloyds Grp Public Limited Liability holds 4,512 shares or 1.74% of its portfolio. Johnson Fincl Grp Inc has 1,498 shares for 0.01% of their portfolio. Concert Wealth Mgmt reported 10,279 shares. Rhumbline Advisers owns 796,981 shares or 0.09% of their US portfolio. Highvista Strategies Lc reported 0.23% stake. Horizon Kinetics Limited Liability Com invested in 0.02% or 13,922 shares.

Baxter International Inc., through its subsidiaries, provides renal and hospital products. The company has market cap of $30.61 billion. The Firm operates through two divisions: Hospital Products and Renal. It has a 16.73 P/E ratio. The Company’s Hospital Products business makes sterile intravenous solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.