Hsbc Holdings PLC Cuts Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Hsbc Holdings PLC cut its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE – Get Rating) by 25.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the business services provider’s stock after selling 885 shares during the quarter. Hsbc Holdings PLC’s holdings in NV5 Global were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in NV5 Global by 1.5% during the first quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 141 shares during the period. US Bancorp DE grew its stake in shares of NV5 Global by 1,730.8% during the 1st quarter. US Bancorp DE now owns 1,904 shares of the business services provider’s stock worth $254,000 after acquiring an additional 1,800 shares during the period. HighTower Advisors LLC purchased a new stake in NV5 Global in the 1st quarter worth about $280,000. Citigroup Inc. raised its stake in NV5 Global by 5.5% in the 1st quarter. Citigroup Inc. now owns 10,714 shares of the business services provider’s stock valued at $1,429,000 after acquiring an additional 554 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in NV5 Global by 51.5% during the first quarter. MetLife Investment Management LLC now owns 7,024 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 2,388 shares during the last quarter. 65.33% of the stock is currently owned by institutional investors.

NV5 Global Trading Down 0.5 %

Shares of NVEE opened at $104.45 on Thursday. NV5 Global, Inc. has a twelve month low of $95.51 and a twelve month high of $154.97. The stock has a market cap of $1.62 billion, a PE ratio of 31.94, a P/E/G ratio of 1.28 and a beta of 1.14. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $127.50 and its 200-day moving average price is $134.08.

Insider Buying and Selling

In other NV5 Global news, CEO Dickerson Wright sold 10,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $128.25, for a total value of $1,282,500.00. Following the completion of the transaction, the chief executive officer now directly owns 476,229 shares of the company’s stock, valued at approximately $61,076,369.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Alexander A. Hockman sold 6,978 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $140.75, for a total value of $982,153.50. Following the transaction, the chief operating officer now owns 71,696 shares of the company’s stock, valued at approximately $10,091,212. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dickerson Wright sold 10,000 shares of NV5 Global stock in a transaction on Monday, February 13th. The stock was sold at an average price of $128.25, for a total transaction of $1,282,500.00. Following the sale, the chief executive officer now directly owns 476,229 shares of the company’s stock, valued at $61,076,369.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,978 shares of company stock valued at $3,586,954. Company insiders own 13.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NVEE shares. Robert W. Baird lowered their price target on shares of NV5 Global from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, February 24th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Friday, February 24th.

About NV5 Global

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NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.