Ameriprise Financial Inc. Has $2.37 Million Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Ameriprise Financial Inc. lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 271.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,977 shares of the business services provider's stock after purchasing an additional 92,056 shares during the period. Ameriprise Financial Inc. owned 0.19% of NV5 Global worth $2,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised 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 buying an additional 2,793,280 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NV5 Global by 310.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after acquiring an additional 1,901,998 shares during the last quarter. American Century Companies Inc. increased its position in shares of NV5 Global by 322.4% in the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after acquiring an additional 1,639,014 shares during the last quarter. Swedbank AB grew its holdings in 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 purchasing an additional 1,282,296 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in NV5 Global by 274.0% during the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after purchasing an additional 1,185,754 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Stock Up 0.9%

Shares of NVEE stock traded up $0.20 on Tuesday, reaching $22.26. 845,875 shares of the company were exchanged, compared to its average volume of 469,908. 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 one year low of $14.75 and a one year high of $26.14. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 2.63 and a beta of 1.08. The company has a 50-day moving average of $18.84 and a 200-day moving average of $18.97.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its 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 return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. Analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on NVEE shares. William Blair restated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Roth Mkm boosted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Sidoti raised shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Maxim Group cut their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.