Price T Rowe Associates Inc. MD Has $422,000 Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Price T Rowe Associates Inc. MD lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 378.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,370 shares of the business services provider's stock after buying an additional 17,697 shares during the period. Price T Rowe Associates Inc. MD's holdings in NV5 Global were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NVEE. MGO One Seven LLC acquired a new stake in NV5 Global during the fourth quarter valued at approximately $208,000. Stifel Financial Corp raised its stake in NV5 Global by 286.8% during the fourth quarter. Stifel Financial Corp now owns 20,411 shares of the business services provider's stock valued at $385,000 after buying an additional 15,134 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in NV5 Global by 94.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,278 shares of the business services provider's stock valued at $231,000 after buying an additional 5,969 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in NV5 Global by 2,369.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,420 shares of the business services provider's stock valued at $121,000 after buying an additional 6,160 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in NV5 Global by 300.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 15,296 shares of the business services provider's stock valued at $288,000 after buying an additional 11,472 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

NVEE has been the topic of several research reports. Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Lake Street Capital cut 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, May 15th. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Four equities 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 stock currently has a consensus rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Up 1.3%

NVEE stock traded up $0.28 during mid-day trading on Tuesday, hitting $22.33. The stock had a trading volume of 36,366 shares, compared to its average volume of 458,390. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The company has a fifty day moving average of $18.07 and a 200 day moving average of $19.05. 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 $1.47 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued 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 business 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 expect that NV5 Global, Inc. will post 1.26 EPS 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.