Public Employees Retirement System of Ohio Purchases 94,808 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Public Employees Retirement System of Ohio lifted its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,379 shares of the business services provider's stock after buying an additional 94,808 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.19% of NV5 Global worth $2,381,000 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 company. BNP Paribas boosted 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 valued at $26,000 after purchasing an additional 1,050 shares during the period. Sterling Capital Management LLC raised its position in shares of NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares in the last quarter. Blue Trust Inc. boosted its stake in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. boosted its stake in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after buying an additional 2,680 shares during the period. Finally, KBC Group NV grew its position in NV5 Global by 527.5% during the fourth 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 in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Trading Down 0.2%

NVEE stock traded down $0.04 during midday trading on Monday, hitting $22.06. The company had a trading volume of 603,568 shares, compared to its average volume of 467,358. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $18.72 and its 200 day moving average price is $18.95.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $123.20 million for the quarter, compared to the consensus estimate 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 research analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on NVEE shares. Wall Street Zen lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sidoti raised shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. Roth Mkm increased their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Maxim Group dropped their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.