UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 289.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,383 shares of the business services provider's stock after purchasing an additional 87,224 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of NV5 Global worth $2,211,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVEE. Barclays PLC raised its holdings in shares of NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock valued at $2,235,000 after purchasing an additional 18,623 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of NV5 Global in the 4th quarter worth approximately $235,000. Janney Montgomery Scott LLC grew its position in shares of NV5 Global by 370.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,750 shares of the business services provider's stock worth $259,000 after buying an additional 10,830 shares during the last quarter. KBC Group NV grew its position in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of NV5 Global by 291.4% in the 4th quarter. Yousif Capital Management LLC now owns 19,830 shares of the business services provider's stock worth $374,000 after buying an additional 14,764 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NVEE shares. CJS Securities reaffirmed a "market perform" rating on shares of NV5 Global in a research report on Tuesday. Maxim Group cut 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 report on Friday, February 21st. Roth Mkm lifted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Performance

NASDAQ:NVEE traded up $0.30 during trading hours on Tuesday, hitting $22.83. 1,517,540 shares of the company were exchanged, compared to its average volume of 482,790. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 2.63 and a beta of 1.14. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company's 50 day moving average price is $19.13 and its 200-day moving average price is $18.99.

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 for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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.