NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 57.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,605 shares of the business services provider's stock after acquiring an additional 53,723 shares during the period. Federated Hermes Inc. owned approximately 0.22% of NV5 Global worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Heritage Family Offices LLP boosted its position in shares of NV5 Global by 6.8% in the first quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider's stock worth $214,000 after buying an additional 706 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of NV5 Global by 1.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider's stock worth $982,000 after buying an additional 795 shares during the period. BNP Paribas boosted its position in shares of NV5 Global by 300.0% in the fourth 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 during the period. Janney Montgomery Scott LLC boosted its position in shares of NV5 Global by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider's stock worth $288,000 after buying an additional 1,203 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of NV5 Global by 3.3% in the first quarter. Azzad Asset Management Inc. ADV now owns 43,471 shares of the business services provider's stock worth $838,000 after buying an additional 1,392 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Price Performance

NASDAQ NVEE remained flat at $22.56 on Friday. The company's fifty day simple moving average is $22.77 and its 200-day simple moving average is $19.91. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $25.96. The company has a market capitalization of $1.51 billion, a PE ratio of 45.58, a P/E/G ratio of 1.42 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NVEE shares. Sidoti raised NV5 Global to a "hold" rating in a report on Friday, May 16th. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. CJS Securities downgraded NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Maxim Group reissued a "hold" rating on shares of NV5 Global in a report on Thursday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.