Bank of America Corp DE Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Bank of America Corp DE increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 516.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,140 shares of the business services provider's stock after acquiring an additional 97,290 shares during the quarter. Bank of America Corp DE owned about 0.18% of NV5 Global worth $2,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVEE. BNP Paribas raised its stake in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC grew its position in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. grew its position in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. grew its position in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares during the last quarter. Finally, KBC Group NV grew its position in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after purchasing an additional 3,550 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Roth Mkm raised 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. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Maxim Group lowered 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. Sidoti raised shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, NV5 Global has an average rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Performance

Shares of NASDAQ:NVEE traded down $0.19 during midday trading on Wednesday, hitting $22.07. The stock had a trading volume of 752,448 shares, compared to its average volume of 471,034. The company has a market capitalization of $1.45 billion, a PE ratio of 44.81, a P/E/G ratio of 2.63 and a beta of 1.08. The stock has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $18.97. 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, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued 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 firm had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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.