Skylands Capital LLC Decreases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Skylands Capital LLC reduced its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,870 shares of the business services provider's stock after selling 10,835 shares during the quarter. Skylands Capital LLC owned 0.09% of NV5 Global worth $1,541,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in NV5 Global in the third quarter valued at about $68,000. Cetera Trust Company N.A bought a new stake in shares of NV5 Global in the 4th quarter worth approximately $231,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NV5 Global by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,918 shares of the business services provider's stock valued at $324,000 after purchasing an additional 758 shares during the last quarter. Trust Point Inc. bought a new position in NV5 Global during the fourth quarter valued at $329,000. Finally, Inspire Investing LLC purchased a new stake in NV5 Global in the third quarter worth $308,000. Institutional investors own 75.54% of the company's stock.

Insiders Place Their Bets

In related news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the transaction, the vice president now owns 2,541 shares in the company, valued at approximately $254,404.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the sale, the vice president now owns 2,541 shares in the company, valued at $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald C. Alford sold 2,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now directly owns 3,542 shares of the company's stock, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th. TheStreet downgraded shares of NV5 Global from a "b-" rating to a "c+" rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, NV5 Global presently has an average rating of "Moderate Buy" and a consensus price target of $119.67.

NV5 Global Price Performance

NV5 Global stock traded down $1.06 during midday trading on Tuesday, hitting $93.24. 51,070 shares of the company's stock were exchanged, compared to its average volume of 74,162. The stock has a 50-day moving average price of $97.64 and a two-hundred day moving average price of $101.48. NV5 Global, Inc. has a 52-week low of $88.56 and a 52-week high of $119.56. The company has a market cap of $1.48 billion, a P/E ratio of 32.63, a PEG ratio of 1.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The company had revenue of $215.50 million for the quarter, compared to analysts' expectations of $216.00 million. During the same quarter last year, the business posted $1.21 EPS. On average, equities research analysts forecast that NV5 Global, Inc. will post 5.02 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.