Northern Trust Corp Has $11.66 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Northern Trust Corp raised its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 303.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,758 shares of the business services provider's stock after purchasing an additional 465,243 shares during the quarter. Northern Trust Corp owned approximately 0.95% of NV5 Global worth $11,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in 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 valued at $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. grew its stake in NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. KBC Group NV grew its stake in NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Natixis grew its stake in NV5 Global by 295.0% in the fourth quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $82,000 after purchasing an additional 3,251 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded down $0.07 during trading hours on Thursday, hitting $22.16. 580,094 shares of the company's stock were exchanged, compared to its average volume of 466,109. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year 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 stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 2.63 and a beta of 1.08. The company's 50-day moving average price is $18.32 and its 200-day moving average price is $19.09.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. On average, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVEE shares. Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Sidoti raised NV5 Global to a "hold" rating in a research report on Friday, May 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, NV5 Global currently has an average rating of "Hold" and an average price target of $25.67.

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.