NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in NV5 Global, Inc. (NASDAQ:NVEEFree Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,477 shares of the business services provider’s stock after acquiring an additional 35,291 shares during the period. Vanguard Group Inc. owned 5.97% of NV5 Global worth $105,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NVEE. Tandem Investment Advisors Inc. boosted its stake in shares of NV5 Global by 4.1% during the fourth quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock worth $393,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of NV5 Global during the fourth quarter worth about $36,000. Conestoga Capital Advisors LLC boosted its stake in shares of NV5 Global by 4.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 15,643 shares of the business services provider’s stock worth $1,738,000 after buying an additional 620 shares during the period. Renaissance Group LLC boosted its stake in shares of NV5 Global by 4.8% during the fourth quarter. Renaissance Group LLC now owns 14,198 shares of the business services provider’s stock worth $1,577,000 after buying an additional 650 shares during the period. Finally, Comerica Bank boosted its stake in shares of NV5 Global by 6.7% during the fourth quarter. Comerica Bank now owns 11,279 shares of the business services provider’s stock worth $1,253,000 after buying an additional 708 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Price Performance

Shares of NASDAQ:NVEE opened at $91.02 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.47 billion, a P/E ratio of 35.98, a PEG ratio of 1.23 and a beta of 1.22. NV5 Global, Inc. has a 52 week low of $88.26 and a 52 week high of $115.01. The company has a 50-day moving average price of $93.03 and a 200 day moving average price of $99.16.

NV5 Global (NASDAQ:NVEEGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). The firm had revenue of $213.40 million during the quarter, compared to analyst estimates of $208.42 million. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. NV5 Global’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. Research analysts predict that NV5 Global, Inc. will post 5.04 earnings per share for the current year.

Insider Activity at NV5 Global

In other NV5 Global news, CFO Edward H. Codispoti sold 760 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value of $69,509.60. Following the completion of the transaction, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The sale was disclosed in a filing with the SEC, which is available at this link. In other NV5 Global news, Director William D. Pruitt sold 3,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 12,500 shares of the company’s stock, valued at $1,191,750. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Edward H. Codispoti sold 760 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the transaction, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The disclosure for this sale can be found here. Insiders sold a total of 8,123 shares of company stock worth $763,857 over the last 90 days. Company insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and set a $128.00 target price (up previously from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

View Our Latest Stock Analysis on NV5 Global

About NV5 Global

(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.

See Also

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

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