Federated Hermes Inc. Has $1.77 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Federated Hermes Inc. increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 437.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,882 shares of the business services provider's stock after purchasing an additional 76,427 shares during the quarter. Federated Hermes Inc. owned 0.14% of NV5 Global worth $1,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in NV5 Global by 288.4% in the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after buying an additional 2,793,280 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NV5 Global by 322.4% during the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after acquiring an additional 1,639,014 shares in the last quarter. Swedbank AB grew 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 worth $30,752,000 after acquiring an additional 1,282,296 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of NV5 Global by 274.0% during the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after purchasing an additional 1,185,754 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NV5 Global by 1,572.9% during the fourth 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. 75.54% of the stock is currently owned by institutional investors.

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NV5 Global Stock Down 0.9 %

NASDAQ NVEE traded down $0.15 during trading on Tuesday, reaching $15.94. 353,375 shares of the company's stock were exchanged, compared to its average volume of 412,058. The firm has a market capitalization of $1.04 billion, a PE ratio of 32.37, a P/E/G ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a fifty-two week low of $15.14 and a fifty-two week high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $17.93 and its 200-day simple moving average is $19.91.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Sell-side analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a stock repurchase program on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

NVEE has been the topic of several recent analyst reports. Roth Mkm boosted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note 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.