Swiss National Bank grew its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 23.4% in the 3rd quarter, Holdings Channel reports. The firm owned 16,900 shares of the business services provider’s stock after acquiring an additional 3,200 shares during the quarter. Swiss National Bank’s holdings in NV5 Global were worth $1,465,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in NV5 Global by 2,003.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,251 shares of the business services provider’s stock worth $170,000 after purchasing an additional 2,144 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in NV5 Global during the 3rd quarter worth approximately $207,000. Ipswich Investment Management Co. Inc. bought a new position in NV5 Global during the 3rd quarter worth approximately $213,000. Voya Investment Management LLC bought a new position in NV5 Global during the 2nd quarter worth approximately $230,000. Finally, Sei Investments Co. raised its holdings in NV5 Global by 51.3% during the 2nd quarter. Sei Investments Co. now owns 5,370 shares of the business services provider’s stock worth $372,000 after purchasing an additional 1,820 shares during the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.
Several research firms have issued reports on NVEE. Maxim Group set a $110.00 price target on shares of NV5 Global and gave the stock a “buy” rating in a report on Monday, November 26th. BidaskClub lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Bank of America began coverage on shares of NV5 Global in a report on Tuesday, November 13th. They set a “hold” rating and a $95.00 price target for the company. ValuEngine lowered shares of NV5 Global from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Roth Capital raised their price target on shares of NV5 Global from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. NV5 Global currently has an average rating of “Buy” and a consensus price target of $97.14.
NASDAQ:NVEE opened at $67.18 on Thursday. The firm has a market capitalization of $838.29 million, a PE ratio of 28.23, a P/E/G ratio of 0.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.45 and a quick ratio of 3.45. NV5 Global Inc has a twelve month low of $40.01 and a twelve month high of $96.70.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). The company had revenue of $104.19 million during the quarter, compared to the consensus estimate of $104.50 million. NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. Analysts forecast that NV5 Global Inc will post 3.32 EPS for the current fiscal year.
In other news, COO Alexander A. Hockman sold 10,000 shares of NV5 Global stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $72.94, for a total value of $729,400.00. Following the completion of the sale, the chief operating officer now owns 246,783 shares in the company, valued at approximately $18,000,352.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dickerson Wright sold 1,145 shares of NV5 Global stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $83.50, for a total transaction of $95,607.50. The disclosure for this sale can be found here. Insiders sold a total of 21,145 shares of company stock valued at $1,553,708 in the last quarter. 26.00% of the stock is currently owned by company insiders.
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NV5 Global Profile
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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