Advisors Asset Management Inc. Buys 127,269 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Advisors Asset Management Inc. grew its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 476.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,969 shares of the business services provider's stock after acquiring an additional 127,269 shares during the period. Advisors Asset Management Inc. owned 0.24% of NV5 Global worth $2,901,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. boosted its stake in NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares in the last quarter. KBC Group NV grew its holdings in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after acquiring an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC increased its position in NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock valued at $106,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Cetera Trust Company N.A raised its stake in shares of NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after acquiring an additional 3,570 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st.

NV5 Global Trading Down 1.9 %

Shares of NVEE traded down $0.36 on Wednesday, reaching $19.06. 438,578 shares of the company's stock were exchanged, compared to its average volume of 381,479. The business has a 50 day moving average price of $18.18 and a two-hundred day moving average price of $20.46. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The stock has a market capitalization of $1.24 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. Research analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its Board of Directors has approved a share repurchase plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.