The Manufacturers Life Insurance Company Has $991,000 Position in NV5 Global, Inc. (NASDAQ:NVEE)

The Manufacturers Life Insurance Company raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 324.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,620 shares of the business services provider's stock after acquiring an additional 40,209 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of NV5 Global worth $991,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after buying an additional 1,461 shares during the last quarter. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after buying an additional 2,483 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after buying an additional 2,680 shares during the last quarter. Finally, Natixis raised its position in shares of NV5 Global by 295.0% during the fourth quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $82,000 after buying an additional 3,251 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Price Performance

NV5 Global stock traded down $0.14 during trading hours on Friday, hitting $22.05. 1,649,109 shares of the stock were exchanged, compared to its average volume of 455,062. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.45 billion, a P/E ratio of 44.77, a P/E/G ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The business's 50-day moving average is $17.98 and its two-hundred day moving average is $19.11.

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 firm had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NVEE has been the subject of several recent research reports. Roth Mkm increased their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday. Maxim Group dropped their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, NV5 Global presently has a consensus rating of "Hold" and an average price target 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.