Zurcher Kantonalbank Zurich Cantonalbank Acquires 758 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 35.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,918 shares of the business services provider’s stock after purchasing an additional 758 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NV5 Global were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of NV5 Global in the third quarter valued at $68,000. Trust Point Inc. acquired a new stake in NV5 Global in the 4th quarter valued at about $329,000. Inspire Investing LLC bought a new position in shares of NV5 Global in the third quarter worth about $308,000. Tandem Investment Advisors Inc. lifted its position in shares of NV5 Global by 11.5% during the third quarter. Tandem Investment Advisors Inc. now owns 3,400 shares of the business services provider’s stock worth $327,000 after purchasing an additional 350 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of NV5 Global during the third quarter valued at approximately $470,000. Institutional investors own 75.54% of the company’s stock.

NV5 Global Trading Up 0.7 %

Shares of NASDAQ NVEE opened at $93.79 on Friday. NV5 Global, Inc. has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The firm has a market capitalization of $1.51 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50 day simple moving average is $96.46 and its 200 day simple moving average is $101.13.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The company had revenue of $215.50 million during the quarter, compared to analyst estimates of $216.00 million. During the same period last year, the company earned $1.21 EPS. On average, analysts predict that NV5 Global, Inc. will post 5.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NVEE. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, NV5 Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Activity at NV5 Global

In other news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction dated Friday, March 8th. The stock was 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 approximately $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total value of $100,120.00. Following the transaction, the vice president now directly owns 2,541 shares of the company’s stock, valued at $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is currently owned by corporate 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.