Comerica Bank Buys 30,084 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Comerica Bank increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 293.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,327 shares of the business services provider's stock after buying an additional 30,084 shares during the quarter. Comerica Bank owned 0.06% of NV5 Global worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank lifted its position in shares of NV5 Global by 306.0% during the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock worth $2,172,000 after buying an additional 86,900 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of NV5 Global by 292.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock worth $945,000 after buying an additional 37,384 shares during the period. JPMorgan Chase & Co. lifted its position in shares of NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after buying an additional 2,483 shares during the period. Bernzott Capital Advisors bought a new position in shares of NV5 Global during the 4th quarter worth approximately $3,721,000. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of NV5 Global by 297.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock worth $1,334,000 after buying an additional 53,014 shares during the period. Institutional investors own 75.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVEE shares. Roth Mkm raised their target price on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Price Performance

NVEE traded down $0.14 during trading on Friday, hitting $22.05. The company's stock had a trading volume of 1,649,109 shares, compared to its average volume of 455,062. The firm's 50 day moving average price is $17.98 and its two-hundred day moving average price is $19.11. 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, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) 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 firm had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. Sell-side analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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.