NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 298.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,699 shares of the business services provider's stock after purchasing an additional 40,977 shares during the period. California State Teachers Retirement System owned approximately 0.08% of NV5 Global worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. BNP Paribas boosted its stake in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC lifted its holdings in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after buying an additional 1,461 shares in the last quarter. Blue Trust Inc. boosted its position in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. grew its stake in NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Natixis grew its stake in NV5 Global by 295.0% in the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock worth $82,000 after acquiring an additional 3,251 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Down 0.1%

NVEE stock traded down $0.03 during trading on Thursday, hitting $22.93. 259,567 shares of the company's stock traded hands, compared to its average volume of 485,625. The firm has a market capitalization of $1.51 billion, a P/E ratio of 46.56, a PEG ratio of 2.63 and a beta of 1.14. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $19.23 and a two-hundred day simple moving average of $19.02.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $229.89 million. Sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company 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. Sidoti upgraded NV5 Global to a "hold" rating in a report on Friday, May 16th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $25.67.

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.