Pitcairn Co. increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 565.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,336 shares of the business services provider's stock after purchasing an additional 18,981 shares during the quarter. Pitcairn Co.'s holdings in NV5 Global were worth $421,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of NV5 Global by 12.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock valued at $593,000 after purchasing an additional 703 shares during the last quarter. Blue Trust Inc. lifted its position in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares in the last quarter. Janus Henderson Group PLC boosted its stake in NV5 Global by 42.5% during the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock valued at $750,000 after buying an additional 2,396 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after buying an additional 2,483 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings 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 buying an additional 2,680 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on NVEE shares. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. 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 note on Friday, February 21st.
Check Out Our Latest Analysis on NVEE
NV5 Global Trading Down 2.3 %
Shares of NASDAQ NVEE traded down $0.38 during trading hours on Friday, hitting $16.24. 413,436 shares of the company traded hands, compared to its average volume of 410,866. The company's 50 day moving average price is $17.97 and its 200 day moving average price is $19.99. NV5 Global, Inc. has a 12 month low of $15.14 and a 12 month high of $26.14. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. On average, equities research analysts anticipate 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 initiated a stock buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
NV5 Global Profile
(
Free Report)
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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