Quantbot Technologies LP increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 623.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,357 shares of the business services provider's stock after buying an additional 33,920 shares during the period. Quantbot Technologies LP owned 0.06% of NV5 Global worth $741,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in NV5 Global by 12.5% during the third 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 period. Blue Trust Inc. raised its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after acquiring an additional 1,864 shares during the period. Janus Henderson Group PLC lifted its position in NV5 Global by 42.5% in the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock valued at $750,000 after acquiring an additional 2,396 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after buying an additional 2,483 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of 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 worth $68,000 after acquiring an additional 2,680 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
NV5 Global Price Performance
Shares of NASDAQ NVEE traded down $0.08 during midday trading on Friday, reaching $19.25. 688,723 shares of the company were exchanged, compared to its average volume of 397,397. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The stock has a market cap of $1.26 billion, a P/E ratio of 39.09, a PEG ratio of 2.63 and a beta of 1.22. 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's 50-day moving average price is $18.22 and its 200-day moving average price is $20.39.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its earnings results 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). 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 the consensus estimate of $243.46 million. On average, sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.
NV5 Global declared that its Board of Directors has initiated a share 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
NVEE has been the topic of several recent analyst reports. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating 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, Maxim Group reduced their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st.
Read Our Latest Research Report on NVEE
About NV5 Global
(
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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