Axa S.A. Acquires 89,070 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

AXA S.A. raised its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,760 shares of the business services provider's stock after acquiring an additional 89,070 shares during the period. AXA S.A. owned approximately 0.18% of NV5 Global worth $2,237,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of 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 valued at $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. grew 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 worth $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. grew its position in shares of 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 buying an additional 2,680 shares during the period. KBC Group NV increased 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 raised its stake in NV5 Global by 295.0% during the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock worth $82,000 after buying an additional 3,251 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVEE. Roth Mkm lifted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. Maxim Group decreased their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday.

NV5 Global Price Performance

Shares of NVEE traded down $0.50 during midday trading on Wednesday, reaching $18.97. The stock had a trading volume of 99,101 shares, compared to its average volume of 424,961. 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 company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company's 50-day moving average is $17.79 and its 200 day moving average is $19.12. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal 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.