Illinois Municipal Retirement Fund Sells 150 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Illinois Municipal Retirement Fund decreased its position in NV5 Global, Inc. (NASDAQ:NVEE) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,291 shares of the business services provider’s stock after selling 150 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NV5 Global were worth $810,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NVEE. Quantbot Technologies LP acquired a new stake in NV5 Global in the 3rd quarter worth about $68,000. Cetera Trust Company N.A acquired a new stake in shares of NV5 Global in the fourth quarter valued at approximately $231,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NV5 Global by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,918 shares of the business services provider’s stock valued at $324,000 after buying an additional 758 shares during the period. Trust Point Inc. acquired a new stake in NV5 Global during the fourth quarter worth approximately $329,000. Finally, Inspire Investing LLC bought a new position in NV5 Global during the 3rd quarter worth $308,000. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Performance

Shares of NV5 Global stock opened at $94.30 on Tuesday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.19 and a beta of 1.09. NV5 Global, Inc. has a twelve month low of $88.56 and a twelve month high of $119.56. The company’s fifty day moving average is $97.64 and its 200 day moving average is $101.48. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The firm had revenue of $215.50 million for the quarter, compared to the consensus estimate of $216.00 million. During the same quarter in the previous year, the business posted $1.21 EPS. Sell-side analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Insider Activity

In other news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the transaction, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Donald C. Alford sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the sale, the vice president now owns 2,541 shares in the company, valued at $254,404.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Donald C. Alford sold 2,459 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the completion of the sale, the vice president now owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is currently owned by company insiders.

NV5 Global 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.