Nuveen Asset Management LLC Boosts Stake in 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 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,716 shares of the business services provider's stock after acquiring an additional 109,287 shares during the period. Nuveen Asset Management LLC owned 0.22% of NV5 Global worth $2,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVEE. Millennium Management LLC lifted its position in shares of NV5 Global by 351.0% during the 4th quarter. Millennium Management LLC now owns 325,778 shares of the business services provider's stock valued at $6,138,000 after buying an additional 253,543 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NV5 Global by 316.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,510 shares of the business services provider's stock valued at $612,000 after acquiring an additional 24,709 shares during the period. Janus Henderson Group PLC raised its stake in NV5 Global by 235.3% in the 4th quarter. Janus Henderson Group PLC now owns 26,960 shares of the business services provider's stock valued at $508,000 after acquiring an additional 18,920 shares during the period. Graham Capital Management L.P. purchased a new stake in NV5 Global during the fourth quarter valued at about $199,000. Finally, Ensign Peak Advisors Inc boosted its position in NV5 Global by 300.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 22,504 shares of the business services provider's stock worth $424,000 after purchasing an additional 16,878 shares during the period. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Price Performance

Shares of NVEE traded up $0.08 during mid-day trading on Friday, reaching $22.22. 514,119 shares of the stock traded hands, compared to its average volume of 475,558. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth 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 firm has a fifty day moving average price of $18.95 and a 200 day moving average price of $19.00. 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 (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVEE. Sidoti raised shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Roth Mkm increased their target price on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, NV5 Global currently has a consensus rating of "Hold" and an average price target 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.