Bank of New York Mellon Corp Has $36.87 Million Position in NV5 Global, Inc. (NASDAQ:NVEE)

Bank of New York Mellon Corp raised its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 26.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,913,231 shares of the business services provider's stock after buying an additional 402,506 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.93% of NV5 Global worth $36,868,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NVEE. BNP Paribas grew its holdings in NV5 Global by 300.0% in the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after buying an additional 1,050 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of NV5 Global by 3,320.5% during the fourth 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 during the period. GAMMA Investing LLC lifted its holdings in NV5 Global by 9,916.7% in the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock worth $58,000 after purchasing an additional 2,975 shares during the period. Point72 Asset Management L.P. bought a new position in NV5 Global in the 4th quarter valued at about $80,000. Finally, Natixis increased its stake in NV5 Global by 295.0% during the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $82,000 after buying an additional 3,251 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Trading Up 0.3%

Shares of NASDAQ:NVEE traded up $0.07 during mid-day trading on Thursday, hitting $23.06. The stock had a trading volume of 1,070,960 shares, compared to its average volume of 538,120. The company's 50 day moving average is $22.32 and its 200-day moving average is $19.46. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $1.55 billion, a PE ratio of 46.59, a P/E/G ratio of 1.45 and a beta of 1.13.

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 business had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. On average, sell-side analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Sidoti raised shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Maxim Group reissued a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, NV5 Global 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.