Alexander A. Hockman Sells 10,000 Shares of NV5 Global, Inc. (NASDAQ:NVEE) Stock

NV5 Global, Inc. (NASDAQ:NVEEGet Rating) COO Alexander A. Hockman sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $110.91, for a total value of $1,109,100.00. Following the completion of the sale, the chief operating officer now directly owns 98,652 shares in the company, valued at $10,941,493.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NV5 Global stock opened at $111.21 on Thursday. The firm has a market cap of $1.72 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The firm’s 50-day simple moving average is $125.57 and its 200-day simple moving average is $120.23. NV5 Global, Inc. has a twelve month low of $86.44 and a twelve month high of $141.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 2.02.

NV5 Global (NASDAQ:NVEEGet Rating) last issued its earnings results on Monday, February 28th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.55. NV5 Global had a return on equity of 12.78% and a net margin of 6.76%. The business had revenue of $188.56 million during the quarter, compared to analysts’ expectations of $180.00 million. On average, equities analysts forecast that NV5 Global, Inc. will post 5.41 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in NV5 Global by 0.7% during the first quarter. BlackRock Inc. now owns 2,003,766 shares of the business services provider’s stock worth $267,102,000 after buying an additional 14,356 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NV5 Global by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 458,965 shares of the business services provider’s stock worth $61,181,000 after purchasing an additional 2,519 shares during the last quarter. State Street Corp increased its stake in shares of NV5 Global by 3.6% in the first quarter. State Street Corp now owns 421,033 shares of the business services provider’s stock valued at $56,124,000 after buying an additional 14,487 shares in the last quarter. Invesco Ltd. raised its holdings in shares of NV5 Global by 32.3% in the fourth quarter. Invesco Ltd. now owns 411,663 shares of the business services provider’s stock valued at $56,859,000 after buying an additional 100,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of NV5 Global by 2.2% in the fourth quarter. Mawer Investment Management Ltd. now owns 274,564 shares of the business services provider’s stock worth $37,923,000 after acquiring an additional 5,792 shares during the last quarter. 65.97% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on NVEE shares. Zacks Investment Research cut NV5 Global from a “hold” rating to a “sell” rating in a research report on Wednesday. StockNews.com started coverage on shares of NV5 Global in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

About NV5 Global (Get Rating)

NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

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