Pacific Ridge Capital Partners LLC decreased its holdings in shares of NV5 Global Inc (NASDAQ:NVEE) by 29.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,744 shares of the business services provider’s stock after selling 18,239 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.36% of NV5 Global worth $3,879,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of NVEE. Wells Fargo & Company MN boosted its holdings in shares of NV5 Global by 188.5% during the second quarter. Wells Fargo & Company MN now owns 451,689 shares of the business services provider’s stock worth $31,302,000 after purchasing an additional 295,138 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of NV5 Global during the third quarter worth $13,271,000. BlackRock Inc. boosted its holdings in shares of NV5 Global by 18.6% during the third quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock worth $57,859,000 after purchasing an additional 104,447 shares during the last quarter. Granahan Investment Management Inc. MA acquired a new stake in shares of NV5 Global during the second quarter worth $3,793,000. Finally, King Luther Capital Management Corp acquired a new stake in shares of NV5 Global during the third quarter worth $2,823,000. Institutional investors and hedge funds own 61.95% of the company’s stock.
NV5 Global stock traded up $0.04 during midday trading on Friday, reaching $67.23. The stock had a trading volume of 119,882 shares, compared to its average volume of 100,632. NV5 Global Inc has a twelve month low of $40.01 and a twelve month high of $96.70. The stock has a market capitalization of $838.29 million, a P/E ratio of 28.25, a PEG ratio of 0.94 and a beta of 1.50. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.06.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, November 8th. The business services provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The firm had revenue of $104.19 million during the quarter, compared to analyst estimates of $104.50 million. During the same quarter in the previous year, the business posted $0.75 EPS. NV5 Global’s revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that NV5 Global Inc will post 3.32 EPS for the current year.
In related news, Chairman Dickerson Wright sold 10,000 shares of NV5 Global stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $72.87, for a total value of $728,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 21,145 shares of company stock worth $1,553,708 in the last quarter. 26.00% of the stock is owned by insiders.
Several research firms have recently issued reports on NVEE. Maxim Group set a $110.00 price objective on NV5 Global and gave the stock a “buy” rating in a report on Monday, November 26th. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Bank of America began coverage on NV5 Global in a report on Tuesday, November 13th. They issued a “hold” rating and a $95.00 target price on the stock. ValuEngine cut NV5 Global from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Roth Capital lifted their target price on NV5 Global from $90.00 to $97.00 and gave the company 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.14.
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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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