Ensign Peak Advisors Inc Purchases 16,878 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Ensign Peak Advisors Inc increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,504 shares of the business services provider's stock after acquiring an additional 16,878 shares during the period. Ensign Peak Advisors Inc's holdings in NV5 Global were worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas lifted its position in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after buying an additional 1,050 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. grew its stake in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded up $0.26 during mid-day trading on Tuesday, reaching $22.31. 970,467 shares of the company's stock were exchanged, compared to its average volume of 462,016. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The firm has a 50-day moving average price of $18.07 and a two-hundred day moving average price of $19.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NVEE shares. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. William Blair reissued a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Finally, Maxim Group reduced their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.67.

NV5 Global Profile

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.