AXQ Capital LP purchased a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,452 shares of the business services provider's stock, valued at approximately $253,000.
Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after acquiring an additional 1,639,014 shares during the last quarter. Swedbank AB lifted its stake in NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after purchasing an additional 1,282,296 shares in the last quarter. Geneva Capital Management LLC lifted its stake in NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after purchasing an additional 1,185,754 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after purchasing an additional 1,420,417 shares during the last quarter. Finally, Tributary Capital Management LLC grew its position in shares of NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock valued at $17,817,000 after purchasing an additional 755,467 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on NVEE. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Roth Mkm upped their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Maxim Group cut their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st.
Get Our Latest Stock Report on NVEE
NV5 Global Trading Up 1.4 %
Shares of NASDAQ:NVEE traded up $0.27 during trading on Thursday, reaching $19.33. The company's stock had a trading volume of 561,409 shares, compared to its average volume of 382,399. The stock has a market capitalization of $1.26 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm's 50 day simple moving average is $18.20 and its two-hundred day simple moving average is $20.45.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global declared that its board has authorized a share buyback plan on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
NV5 Global Profile
(
Free Report)
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.
See Also
Before you consider NV5 Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NV5 Global wasn't on the list.
While NV5 Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
