Wells Fargo & Company MN lifted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 351.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 109,922 shares of the business services provider's stock after acquiring an additional 85,582 shares during the period. Wells Fargo & Company MN owned approximately 0.17% of NV5 Global worth $2,071,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of NVEE. Swiss National Bank increased its stake in NV5 Global by 306.0% during the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock valued at $2,172,000 after purchasing an additional 86,900 shares in the last quarter. QV Investors Inc. raised its stake in NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after acquiring an additional 43,790 shares during the last quarter. Nordea Investment Management AB lifted its position in NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after acquiring an additional 73,944 shares during the period. Linden Thomas Advisory Services LLC grew its stake in 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 valued at $945,000 after purchasing an additional 37,384 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.
NV5 Global Trading Up 1.2 %
NASDAQ NVEE traded up $0.21 on Thursday, reaching $18.76. 41,304 shares of the company were exchanged, compared to its average volume of 421,823. 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 business's fifty day moving average price is $17.62 and its 200 day moving average price is $19.40. The stock has a market capitalization of $1.22 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.
NV5 Global announced that its Board of Directors has authorized a share buyback plan on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NVEE. Maxim Group dropped their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Roth Mkm upped 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. Finally, StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.
Check Out Our Latest Stock Report on NV5 Global
About NV5 Global
(
Free Report)
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.
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