Dimensional Fund Advisors LP Has $47.37 Million Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Dimensional Fund Advisors LP grew its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 310.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514,316 shares of the business services provider's stock after acquiring an additional 1,901,998 shares during the quarter. Dimensional Fund Advisors LP owned 3.86% of NV5 Global worth $47,370,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after purchasing an additional 2,793,280 shares in the last quarter. American Century Companies Inc. increased its position in shares of NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after acquiring an additional 1,639,014 shares in the last quarter. Swedbank AB raised its holdings in shares of NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after acquiring an additional 1,282,296 shares during the period. Geneva Capital Management LLC lifted its position in NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock valued at $30,492,000 after acquiring an additional 1,185,754 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NV5 Global by 1,572.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after purchasing an additional 1,420,417 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Analyst Ratings Changes

NVEE has been the topic of a number of research reports. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Roth Mkm boosted their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Maxim Group reduced their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $18.66 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business has a 50-day moving average of $17.63 and a 200-day moving average of $19.34. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. As a group, sell-side analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has approved a share repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

Want to see what other hedge funds are holding NVEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NV5 Global, Inc. (NASDAQ:NVEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.