BlackRock Inc. lifted its holdings in NV5 Global Inc (NASDAQ:NVEE) by 18.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 667,348 shares of the business services provider’s stock after buying an additional 104,447 shares during the quarter. BlackRock Inc. owned about 5.38% of NV5 Global worth $57,859,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in NVEE. Janus Henderson Group PLC acquired a new position in NV5 Global in the 3rd quarter valued at $13,271,000. Granahan Investment Management Inc. MA acquired a new stake in NV5 Global in the second quarter valued at approximately $3,793,000. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of NV5 Global by 13.2% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 244,826 shares of the business services provider’s stock valued at $21,226,000 after purchasing an additional 28,500 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of NV5 Global by 21.4% in the third quarter. Wasatch Advisors Inc. now owns 160,574 shares of the business services provider’s stock valued at $13,922,000 after purchasing an additional 28,313 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 507,591 shares of the business services provider’s stock worth $35,176,000 after acquiring an additional 23,833 shares during the period. Hedge funds and other institutional investors own 61.95% of the company’s stock.
In other NV5 Global news, VP Donald C. Alford sold 7,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $64.59, for a total value of $452,130.00. Following the completion of the transaction, the vice president now owns 47,016 shares in the company, valued at $3,036,763.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $72.87, for a total transaction of $728,700.00. The disclosure for this sale can be found here. Insiders have sold 27,000 shares of company stock worth $1,910,230 over the last three months. Corporate insiders own 25.07% of the company’s stock.
NVEE opened at $66.93 on Friday. The stock has a market capitalization of $863.62 million, a P/E ratio of 28.12, a P/E/G ratio of 0.80 and a beta of 1.63. NV5 Global Inc has a 12 month low of $40.01 and a 12 month high of $96.70. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.06.
NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company had revenue of $104.19 million for the quarter, compared to the consensus estimate of $104.50 million. NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. Analysts anticipate that NV5 Global Inc will post 3.32 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday. BidaskClub upgraded NV5 Global from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Maxim Group initiated coverage on NV5 Global in a research note on Tuesday, October 30th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Bank of America initiated coverage on NV5 Global in a research report on Tuesday, November 13th. They set a “hold” rating and a $95.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. NV5 Global presently has an average rating of “Buy” and a consensus price target of $92.57.
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NV5 Global Profile
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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