Allianz Asset Management GmbH Trims Position in NV5 (NVEE)

Allianz Asset Management GmbH cut its stake in NV5 (NASDAQ:NVEE) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,821 shares of the business services provider’s stock after selling 1,444 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.02% of NV5 worth $5,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in NV5 by 123.5% in the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in NV5 by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after purchasing an additional 3,088 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in NV5 by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after purchasing an additional 126 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in NV5 by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock worth $272,000 after purchasing an additional 752 shares in the last quarter. Finally, Cue Financial Group Inc. bought a new stake in NV5 in the fourth quarter worth $312,000. 56.21% of the stock is currently owned by institutional investors and hedge funds.

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NVEE stock traded down $1.30 during mid-day trading on Friday, reaching $56.25. 61,458 shares of the stock traded hands, compared to its average volume of 83,477. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 2.33. NV5 has a 52 week low of $35.35 and a 52 week high of $58.95. The stock has a market capitalization of $623.91, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05.

NV5 (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. NV5 had a net margin of 7.21% and a return on equity of 15.89%. The company had revenue of $93.98 million during the quarter, compared to analysts’ expectations of $96.35 million. equities analysts expect that NV5 will post 3.07 EPS for the current fiscal year.

In related news, VP Maryjo O’brien sold 2,500 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $55.07, for a total value of $137,675.00. Following the completion of the sale, the vice president now owns 69,147 shares in the company, valued at $3,807,925.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Dickerson Wright sold 10,000 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $54.51, for a total transaction of $545,100.00. The disclosure for this sale can be found here. 26.00% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of NV5 from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. Zacks Investment Research upgraded shares of NV5 from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.80.

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About NV5

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

Institutional Ownership by Quarter for NV5 (NASDAQ:NVEE)

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