JPMorgan Chase & Co. Grows Position in NV5 Global, Inc. (NASDAQ:NVEE)

JPMorgan Chase & Co. boosted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 326.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268,377 shares of the business services provider's stock after acquiring an additional 205,433 shares during the period. JPMorgan Chase & Co. owned about 0.41% of NV5 Global worth $5,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank boosted its stake in NV5 Global by 306.0% in the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock valued at $2,172,000 after acquiring an additional 86,900 shares in the last quarter. QV Investors Inc. lifted its holdings in shares of NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after purchasing an additional 43,790 shares during the period. Nordea Investment Management AB grew its position in NV5 Global by 313.3% in the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after buying an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in NV5 Global by 292.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares during the period. Finally, Bernzott Capital Advisors purchased a new position in NV5 Global during the 4th quarter worth $3,721,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NV5 Global Stock Performance

Shares of NVEE stock opened at $15.82 on Friday. 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 cap of $1.03 billion, a PE ratio of 32.12, a P/E/G ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 1 year low of $15.14 and a 1 year high of $26.14. The stock has a fifty day moving average price of $17.76 and a 200 day moving average price of $19.76.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Sell-side analysts forecast 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 stock buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

NV5 Global 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.

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