Janus Henderson Group PLC Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Janus Henderson Group PLC raised its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 235.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,960 shares of the business services provider's stock after purchasing an additional 18,920 shares during the period. Janus Henderson Group PLC's holdings in NV5 Global were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NVEE. BNP Paribas lifted its stake in NV5 Global by 300.0% in the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after buying an additional 1,050 shares during the period. Sterling Capital Management LLC increased its stake in shares of NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after acquiring an additional 1,461 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of 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 valued at $68,000 after acquiring an additional 2,680 shares during the period. Finally, KBC Group NV raised its position in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,550 shares during the period. Institutional investors own 75.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVEE. William Blair reiterated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. Roth Mkm increased their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Sidoti upgraded shares of NV5 Global to a "hold" rating in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five 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.com, NV5 Global presently has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Price Performance

NV5 Global stock traded down $0.03 during midday trading on Thursday, reaching $22.27. The company's stock had a trading volume of 420,686 shares, compared to its average volume of 466,410. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.46 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. The business has a 50-day moving average price of $18.67 and a 200-day moving average price of $19.01.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results 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). 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 for the quarter, compared to analyst estimates of $229.89 million. On average, sell-side analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.