Natixis Advisors LLC Invests $377,000 in NV5 Global, Inc. (NASDAQ:NVEE)

Natixis Advisors LLC bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,994 shares of the business services provider's stock, valued at approximately $377,000.

Several other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. boosted its position in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after acquiring an additional 2,680 shares in the last quarter. KBC Group NV increased its holdings in shares of 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 acquiring an additional 3,550 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of 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 acquiring an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A raised its position in shares of 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 worth $108,000 after acquiring an additional 3,570 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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NV5 Global Stock Up 0.1 %

Shares of NV5 Global stock traded up $0.02 during trading on Monday, reaching $19.27. The company's stock had a trading volume of 722,410 shares, compared to its average volume of 398,691. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The company has a 50-day simple moving average of $18.24 and a two-hundred day simple moving average of $20.37. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share 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 business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. As a group, equities analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its Board of Directors has initiated a share buyback plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVEE shares. Maxim Group dropped their price objective 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. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Roth Mkm lifted their price objective 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.

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.