Charles Schwab Investment Management Inc. Buys 5,147 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Charles Schwab Investment Management Inc. boosted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEEFree Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,286 shares of the business services provider’s stock after purchasing an additional 5,147 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.86% of NV5 Global worth $15,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in NV5 Global during the fourth quarter valued at about $36,000. Quantbot Technologies LP bought a new stake in NV5 Global during the third quarter valued at about $68,000. Cetera Trust Company N.A bought a new stake in NV5 Global during the fourth quarter valued at about $231,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 worth $324,000 after acquiring an additional 758 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in NV5 Global in the fourth quarter worth about $329,000. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Up 1.7 %

Shares of NVEE stock opened at $96.00 on Tuesday. The stock has a 50 day moving average of $94.94 and a 200 day moving average of $101.01. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.55 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.29 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.

NV5 Global (NASDAQ:NVEEGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.19). The company had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $208.42 million. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, sell-side analysts expect that NV5 Global, Inc. will post 5.04 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVEE shares. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. TheStreet cut NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, Roth Mkm restated a “buy” rating and issued a $128.00 price objective (up from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

Get Our Latest Stock Report on NV5 Global

Insider Activity

In other news, Director William D. Pruitt sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total value of $286,020.00. Following the completion of the sale, the director now directly owns 12,500 shares in the company, valued at $1,191,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Donald C. Alford sold 2,459 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Pruitt sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total value of $286,020.00. Following the completion of the sale, the director now owns 12,500 shares of the company’s stock, valued at $1,191,750. The disclosure for this sale can be found here. Insiders sold 6,459 shares of company stock worth $630,884 over the last three months. 12.40% of the stock is currently owned by corporate insiders.

NV5 Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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