First Eagle Investment Management LLC Acquires Shares of 276,700 NV5 Global, Inc. (NASDAQ:NVEE)

First Eagle Investment Management LLC purchased a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 276,700 shares of the business services provider's stock, valued at approximately $5,213,000. First Eagle Investment Management LLC owned about 0.43% of NV5 Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVEE. Blue Trust Inc. increased its holdings in 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 purchasing an additional 1,864 shares during the last quarter. 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 valued at $68,000 after purchasing an additional 2,680 shares during the last quarter. KBC Group NV increased its holdings in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings 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 purchasing an additional 4,200 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its position in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock valued at $108,000 after buying an additional 3,570 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on NVEE. 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 research report on Friday, February 21st. Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company 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.

NV5 Global Stock Up 0.1 %

Shares of NV5 Global stock traded up $0.01 during trading on Thursday, hitting $18.87. 710,819 shares of the stock were exchanged, compared to its average volume of 376,272. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The firm's 50-day moving average price is $18.14 and its 200 day moving average price is $20.59. NV5 Global, Inc. has a 12-month low of $16.77 and a 12-month high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released 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 firm had revenue of $246.52 million for the quarter, compared to analysts' expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its board has initiated a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are 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.