Cruiser Capital Advisors LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 391.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,808 shares of the business services provider's stock after purchasing an additional 107,356 shares during the quarter. NV5 Global accounts for approximately 1.4% of Cruiser Capital Advisors LLC's investment portfolio, making the stock its 12th biggest position. Cruiser Capital Advisors LLC owned about 0.21% of NV5 Global worth $2,540,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock valued at $593,000 after purchasing an additional 703 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after acquiring an additional 1,864 shares during the last quarter. Janus Henderson Group PLC grew its position in NV5 Global by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock worth $750,000 after acquiring an additional 2,396 shares during the last quarter. JPMorgan Chase & Co. grew its position in NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after acquiring an additional 2,483 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
NV5 Global Trading Down 0.4 %
Shares of NVEE traded down $0.08 during mid-day trading on Friday, reaching $19.25. 688,723 shares of the company were exchanged, compared to its average volume of 397,397. The business has a 50 day simple moving average of $18.22 and a two-hundred day simple moving average of $20.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.26 billion, a PE ratio of 39.09, a PEG ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14.
NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. On average, analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.
NV5 Global announced that its Board of Directors has authorized a share buyback program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on NVEE. 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. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on NVEE
About NV5 Global
(
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.
Further Reading
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
