Illinois Municipal Retirement Fund Raises Position in NV5 Global, Inc. (NASDAQ:NVEE)

Illinois Municipal Retirement Fund grew its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 310.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,511 shares of the business services provider's stock after buying an additional 22,326 shares during the period. Illinois Municipal Retirement Fund's holdings in NV5 Global were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NVEE. Swedbank AB lifted its holdings in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NV5 Global by 1,572.9% in 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. Tributary Capital Management LLC lifted its holdings in shares of NV5 Global by 397.1% in the 4th 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 during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of NV5 Global by 297.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider's stock valued at $10,541,000 after purchasing an additional 418,610 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of NV5 Global by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider's stock valued at $40,451,000 after purchasing an additional 5,757 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company's stock, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.40% of the company's stock.

NV5 Global Stock Performance

NASDAQ NVEE traded up $0.28 on Friday, hitting $18.23. 409,567 shares of the company's stock were exchanged, compared to its average volume of 366,611. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm's 50-day moving average price is $18.26 and its two-hundred day moving average price is $20.93. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly 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). 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%. On average, research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

Analyst Ratings Changes

Several brokerages recently issued reports on NVEE. Robert W. Baird dropped their price target on NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

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.