First Horizon Advisors Inc. Purchases Shares of 324 NV5 Global, Inc. (NASDAQ:NVEE)

First Horizon Advisors Inc. bought a new stake in NV5 Global, Inc. (NASDAQ:NVEE) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 324 shares of the business services provider’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in NV5 Global by 86.2% in the third quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock valued at $32,685,000 after buying an additional 157,256 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of NV5 Global in the 4th quarter worth approximately $13,890,000. Fred Alger Management LLC grew its position in NV5 Global by 123.0% during the 3rd quarter. Fred Alger Management LLC now owns 37,684 shares of the business services provider’s stock worth $3,626,000 after acquiring an additional 20,789 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NV5 Global by 9.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,139 shares of the business services provider’s stock valued at $12,716,000 after purchasing an additional 11,391 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its position in NV5 Global by 4.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 164,394 shares of the business services provider’s stock valued at $15,820,000 after purchasing an additional 7,664 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

NVEE has been the topic of several research analyst reports. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a 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.

NV5 Global Trading Up 0.2 %

NVEE opened at $93.98 on Thursday. NV5 Global, Inc. has a twelve month low of $88.56 and a twelve month high of $119.56. The firm has a market cap of $1.52 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06. The firm’s fifty day moving average is $95.99 and its two-hundred day moving average is $100.93.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share 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 business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $216.00 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities research analysts anticipate that NV5 Global, Inc. will post 5.02 EPS for the current year.

About NV5 Global

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.