Bank of New York Mellon Corp boosted its holdings in shares of NV5 Global Inc (NASDAQ:NVEE) by 65.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,283 shares of the business services provider’s stock after buying an additional 19,927 shares during the period. Bank of New York Mellon Corp owned approximately 0.47% of NV5 Global worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. S Squared Technology LLC boosted its stake in NV5 Global by 17.9% during the 2nd quarter. S Squared Technology LLC now owns 57,165 shares of the business services provider’s stock valued at $2,430,000 after purchasing an additional 8,667 shares during the period. First National Bank of Hutchinson bought a new stake in NV5 Global during the 3rd quarter valued at approximately $326,000. Vanguard Group Inc. boosted its stake in NV5 Global by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 337,429 shares of the business services provider’s stock valued at $14,341,000 after purchasing an additional 23,486 shares during the period. State Street Corp boosted its stake in NV5 Global by 13.9% during the 2nd quarter. State Street Corp now owns 127,923 shares of the business services provider’s stock valued at $5,438,000 after purchasing an additional 15,601 shares during the period. Finally, Northern Trust Corp boosted its stake in NV5 Global by 6.2% during the 2nd quarter. Northern Trust Corp now owns 120,024 shares of the business services provider’s stock valued at $5,102,000 after purchasing an additional 6,997 shares during the period. 56.21% of the stock is currently owned by institutional investors.
Shares of NV5 Global Inc (NASDAQ:NVEE) opened at $53.25 on Friday. NV5 Global Inc has a twelve month low of $33.86 and a twelve month high of $58.95. The firm has a market capitalization of $583.50, a price-to-earnings ratio of 36.22, a P/E/G ratio of 0.99 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.41.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The company had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. equities analysts anticipate that NV5 Global Inc will post 2.34 earnings per share for the current fiscal year.
NVEE has been the subject of a number of research reports. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Saturday, January 6th. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Lake Street Capital raised their price objective on NV5 Global to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Roth Capital raised their price objective on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Seaport Global Securities restated a “buy” rating and set a $61.00 target price (up previously from $42.00) on shares of NV5 Global in a research report on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. NV5 Global currently has an average rating of “Buy” and an average price target of $58.00.
In other news, CFO Michael P. Rama sold 1,800 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $55.20, for a total value of $99,360.00. Following the transaction, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tardan Francois sold 3,684 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $50.98, for a total value of $187,810.32. Following the completion of the transaction, the director now owns 4,465 shares in the company, valued at $227,625.70. The disclosure for this sale can be found here. Insiders sold a total of 7,684 shares of company stock valued at $405,970 over the last three months. Insiders own 26.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/13/bank-of-new-york-mellon-corp-buys-19927-shares-of-nv5-global-inc-nvee.html.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.