NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Comerica Bank

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after purchasing an additional 2,793,280 shares during the period. Dimensional Fund Advisors LP boosted its position in NV5 Global by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after purchasing an additional 1,901,998 shares during the period. American Century Companies Inc. boosted its position in NV5 Global by 322.4% during the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after purchasing an additional 1,639,014 shares during the period. Bank of New York Mellon Corp boosted its position in NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after purchasing an additional 1,420,417 shares during the period. Finally, Swedbank AB boosted its position in NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the period. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Price Performance

NVEE stock remained flat at $22.05 during trading on Monday. The company's stock had a trading volume of 1,582,927 shares, compared to its average volume of 459,982. 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 stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 2.63 and a beta of 1.08. The company has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $19.05. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced 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). The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, 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

NVEE has been the subject of a number of analyst reports. 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 report on Friday, February 21st. Maxim Group reduced their price target 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. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday. Finally, StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.