The Manufacturers Life Insurance Company boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 324.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,620 shares of the business services provider's stock after acquiring an additional 40,209 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of NV5 Global worth $991,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares in the last quarter. Blue Trust Inc. lifted its position in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares in the last quarter. KBC Group NV lifted its position in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares in the last quarter. Finally, Natixis lifted its position in shares of NV5 Global by 295.0% during the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock worth $82,000 after buying an additional 3,251 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on NVEE. Maxim Group decreased 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 note on Friday, February 21st. William Blair restated a "market perform" rating on shares of NV5 Global in a research note on Thursday. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday. Four equities research 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, the company presently has an average rating of "Hold" and a consensus target price of $25.67.
View Our Latest Analysis on NVEE
NV5 Global Stock Performance
Shares of NVEE stock remained flat at $22.05 during trading hours on Monday. 1,582,927 shares of the stock traded hands, compared to its average volume of 459,982. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The firm has a market cap of $1.45 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company's 50-day moving average price is $18.07 and its two-hundred day moving average price is $19.05.
NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. Sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.
NV5 Global Profile
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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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