NV5 Global Inc (NVEE) Position Boosted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 30.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,608 shares of the business services provider’s stock after acquiring an additional 89,199 shares during the period. Lord Abbett & CO. LLC owned 3.50% of NV5 Global worth $21,442,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NVEE. BlackRock Inc. grew its stake in NV5 Global by 7.9% in the 4th quarter. BlackRock Inc. now owns 499,608 shares of the business services provider’s stock worth $27,054,000 after buying an additional 36,511 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NV5 Global by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 483,758 shares of the business services provider’s stock worth $26,969,000 after buying an additional 38,329 shares in the last quarter. Ashford Capital Management Inc. grew its stake in NV5 Global by 0.7% in the 4th quarter. Ashford Capital Management Inc. now owns 181,050 shares of the business services provider’s stock worth $9,804,000 after buying an additional 1,300 shares in the last quarter. Pier Capital LLC grew its stake in NV5 Global by 29.1% in the 4th quarter. Pier Capital LLC now owns 162,926 shares of the business services provider’s stock worth $8,822,000 after buying an additional 36,731 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in NV5 Global by 1,231.9% in the 1st quarter. Wells Fargo & Company MN now owns 156,551 shares of the business services provider’s stock worth $8,728,000 after buying an additional 144,797 shares in the last quarter. 56.16% of the stock is owned by institutional investors.

In related news, VP Richard Tong sold 1,000 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $66.40, for a total transaction of $66,400.00. Following the completion of the sale, the vice president now directly owns 34,933 shares in the company, valued at approximately $2,319,551.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael P. Rama sold 2,049 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $60.39, for a total transaction of $123,739.11. Following the sale, the chief financial officer now owns 30,749 shares of the company’s stock, valued at $1,856,932.11. The disclosure for this sale can be found here. Insiders sold a total of 19,449 shares of company stock valued at $1,154,272 in the last ninety days. 25.07% of the stock is owned by corporate insiders.

Shares of NV5 Global opened at $69.70 on Tuesday, Marketbeat Ratings reports. NV5 Global Inc has a 52-week low of $40.01 and a 52-week high of $71.90. The firm has a market capitalization of $762.55 million, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.46 and a quick ratio of 2.46.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. NV5 Global had a net margin of 7.16% and a return on equity of 16.39%. The company had revenue of $94.53 million during the quarter, compared to analysts’ expectations of $92.05 million. equities research analysts forecast that NV5 Global Inc will post 3.12 EPS for the current year.

A number of brokerages have recently issued reports on NVEE. BidaskClub raised shares of NV5 Global from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 1st. Lake Street Capital reaffirmed a “buy” rating and issued a $76.00 price objective on shares of NV5 Global in a research note on Friday, May 4th. Sidoti raised shares of NV5 Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.00 to $83.00 in a research note on Friday. Roth Capital upped their price objective on shares of NV5 Global from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.40.

About NV5 Global

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.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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