Alberta Investment Management Corp Has $889,000 Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Alberta Investment Management Corp increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 294.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,209 shares of the business services provider's stock after acquiring an additional 35,232 shares during the quarter. Alberta Investment Management Corp owned about 0.07% of NV5 Global worth $889,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Swedbank AB increased its holdings in shares of NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after purchasing an additional 1,282,296 shares during the period. Tributary Capital Management LLC grew its position in NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after buying an additional 755,467 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in NV5 Global by 297.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider's stock valued at $10,541,000 after acquiring an additional 418,610 shares during the period. Bernzott Capital Advisors acquired a new position in NV5 Global in the 4th quarter valued at approximately $3,721,000. Finally, Principal Financial Group Inc. lifted its position in shares of NV5 Global by 311.3% in the 4th quarter. Principal Financial Group Inc. now owns 253,115 shares of the business services provider's stock worth $4,769,000 after acquiring an additional 191,572 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVEE shares. Roth Mkm boosted their price objective on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday. Maxim Group lowered their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird decreased their target price on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, NV5 Global presently has an average rating of "Moderate Buy" and an average target price of $25.67.

NV5 Global Price Performance

NASDAQ:NVEE traded up $0.58 during trading hours on Tuesday, reaching $18.71. The company had a trading volume of 211,660 shares, compared to its average volume of 433,609. 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 stock has a 50-day moving average of $18.44 and a two-hundred day moving average of $21.26. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.16. The firm has a market capitalization of $1.22 billion, a PE ratio of 37.96, a PEG ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its 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). The firm had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. 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 authorized a share 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 repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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.