NV5 Global Inc (NASDAQ:NVEE) Shares Sold by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC reduced its holdings in NV5 Global Inc (NASDAQ:NVEE) by 1.9% in the 1st quarter, HoldingsChannel reports. The fund owned 19,962 shares of the business services provider’s stock after selling 380 shares during the period. RPg Family Wealth Advisory LLC’s holdings in NV5 Global were worth $1,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in NV5 Global by 1.5% in the 1st quarter. BlackRock Inc. now owns 682,476 shares of the business services provider’s stock valued at $40,513,000 after buying an additional 9,968 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in NV5 Global by 1.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 551,692 shares of the business services provider’s stock valued at $33,405,000 after buying an additional 5,572 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in NV5 Global by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 526,559 shares of the business services provider’s stock valued at $31,256,000 after buying an additional 8,482 shares during the last quarter. Wells Fargo & Company MN grew its holdings in NV5 Global by 5.4% in the 1st quarter. Wells Fargo & Company MN now owns 467,352 shares of the business services provider’s stock valued at $27,743,000 after buying an additional 23,824 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in NV5 Global by 0.8% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 303,646 shares of the business services provider’s stock valued at $18,024,000 after buying an additional 2,298 shares during the last quarter. 62.31% of the stock is owned by institutional investors.

Shares of NASDAQ:NVEE traded down $0.34 during trading on Wednesday, hitting $76.61. 7,212 shares of the stock were exchanged, compared to its average volume of 121,219. NV5 Global Inc has a 1-year low of $51.46 and a 1-year high of $96.70. The firm has a market capitalization of $956.13 million, a PE ratio of 23.75, a PEG ratio of 1.07 and a beta of 1.35. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.18.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. NV5 Global had a return on equity of 14.09% and a net margin of 6.38%. The company had revenue of $117.34 million for the quarter, compared to analyst estimates of $114.72 million. On average, sell-side analysts predict that NV5 Global Inc will post 3.82 EPS for the current year.

NVEE has been the topic of a number of research analyst reports. Roth Capital lowered their target price on NV5 Global from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 8th. BidaskClub lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Zacks Investment Research lowered NV5 Global from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, Singular Research reaffirmed a “buy” rating on shares of NV5 Global in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $90.57.

In other news, VP Michael P. Rama sold 1,000 shares of NV5 Global stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $82.52, for a total transaction of $82,520.00. Following the sale, the vice president now owns 27,300 shares of the company’s stock, valued at approximately $2,252,796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Rama sold 500 shares of NV5 Global stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $62.51, for a total value of $31,255.00. Following the sale, the chief financial officer now directly owns 28,800 shares in the company, valued at approximately $1,800,288. The disclosure for this sale can be found here. Insiders have sold a total of 85,500 shares of company stock worth $5,883,945 in the last three months. 19.62% of the stock is owned by insiders.

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

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