Natixis Advisors LLC Increases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Natixis Advisors LLC grew its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 62.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,506 shares of the business services provider's stock after buying an additional 12,512 shares during the quarter. Natixis Advisors LLC's holdings in NV5 Global were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Federated Hermes Inc. grew its stake in shares of NV5 Global by 57.2% during the first quarter. Federated Hermes Inc. now owns 147,605 shares of the business services provider's stock valued at $2,844,000 after buying an additional 53,723 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of NV5 Global by 52.3% during the first quarter. Avantax Advisory Services Inc. now owns 15,601 shares of the business services provider's stock valued at $301,000 after buying an additional 5,360 shares during the last quarter. Guidance Capital Inc. grew its stake in shares of NV5 Global by 16.9% during the first quarter. Guidance Capital Inc. now owns 28,599 shares of the business services provider's stock valued at $534,000 after buying an additional 4,127 shares during the last quarter. Bernzott Capital Advisors raised its holdings in NV5 Global by 98.3% during the 1st quarter. Bernzott Capital Advisors now owns 391,649 shares of the business services provider's stock valued at $7,547,000 after buying an additional 194,139 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in NV5 Global during the 1st quarter valued at $1,626,000. 75.54% of the stock is owned by institutional investors.

NV5 Global Price Performance

Shares of NASDAQ NVEE remained flat at $22.56 during trading hours on Friday. The stock has a 50 day moving average of $22.81 and a two-hundred day moving average of $20.04. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $25.96. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.51 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.11.

Analyst Ratings Changes

A number of research firms recently commented on NVEE. William Blair reiterated a "market perform" rating on shares of NV5 Global in a report on Thursday, May 15th. CJS Securities cut NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Sidoti raised NV5 Global to a "hold" rating in a research note on Friday, May 16th. Finally, Maxim Group reissued a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.67.

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.