Deutsche Bank AG Acquires 42,372 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Deutsche Bank AG boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 524.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,452 shares of the business services provider's stock after acquiring an additional 42,372 shares during the period. Deutsche Bank AG owned approximately 0.08% of NV5 Global worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in NV5 Global during the fourth quarter worth about $1,797,000. Cercano Management LLC lifted its holdings in NV5 Global by 208.8% during the fourth quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock worth $73,958,000 after acquiring an additional 2,654,405 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in NV5 Global during the fourth quarter worth about $296,000. Balyasny Asset Management L.P. raised its stake in shares of NV5 Global by 242.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 70,368 shares of the business services provider's stock valued at $1,326,000 after purchasing an additional 49,801 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of NV5 Global by 516.1% in the 4th quarter. Bank of America Corp DE now owns 116,140 shares of the business services provider's stock valued at $2,188,000 after purchasing an additional 97,290 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Stock Down 0.3%

Shares of NASDAQ:NVEE traded down $0.07 during midday trading on Friday, reaching $22.21. The company had a trading volume of 240,708 shares, compared to its average volume of 465,582. 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's 50 day moving average price is $18.67 and its 200 day moving average price is $19.01. The stock has a market cap of $1.46 billion, a PE ratio of 45.05, a P/E/G ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on NVEE. Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Sidoti raised NV5 Global to a "hold" rating in a research note on Friday, May 16th. Wall Street Zen downgraded 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 research note on Thursday, May 15th. Finally, Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $25.67.

NV5 Global Company 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.