Northern Trust Corp Increases Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Northern Trust Corp raised its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 303.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 618,758 shares of the business services provider's stock after acquiring an additional 465,243 shares during the quarter. Northern Trust Corp owned approximately 0.95% of NV5 Global worth $11,657,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings 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. lifted its position in shares of 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 buying an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of NV5 Global by 296.5% in the 4th 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 in 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 valued at $80,000 after buying an additional 3,550 shares during the last quarter. Finally, Natixis grew its position in shares of NV5 Global by 295.0% in the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $82,000 after buying an additional 3,251 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVEE. William Blair reissued 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. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Roth Mkm boosted their price objective on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Maxim Group lowered their target price 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.67.

NV5 Global Stock Performance

NVEE stock traded up $0.26 during trading on Tuesday, hitting $22.31. The company had a trading volume of 970,467 shares, compared to its average volume of 462,016. The firm has a market cap of $1.46 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The firm has a 50-day moving average price of $18.07 and a 200-day moving average price of $19.05. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced 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). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. On average, analysts expect 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.