Nuveen Asset Management LLC Purchases 109,287 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Nuveen Asset Management LLC boosted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,716 shares of the business services provider's stock after buying an additional 109,287 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.22% of NV5 Global worth $2,745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVEE. BNP Paribas lifted its stake in shares of 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 purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC increased its holdings in 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 purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of NV5 Global by 296.5% during the fourth 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 in the last quarter. Finally, Natixis grew its stake in shares of NV5 Global by 295.0% during the fourth quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $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 Price Performance

NASDAQ:NVEE traded down $0.19 during mid-day trading on Wednesday, hitting $22.07. The company's stock had a trading volume of 752,448 shares, compared to its average volume of 471,034. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 2.63 and a beta of 1.08. The stock has a fifty day moving average of $18.84 and a 200-day moving average of $18.97. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly 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 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. As a group, equities analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Sidoti raised shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. Maxim Group lowered their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. William Blair restated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Finally, Roth Mkm raised their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.