The Manufacturers Life Insurance Company Buys 40,209 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

The Manufacturers Life Insurance Company increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 324.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,620 shares of the business services provider’s stock after purchasing an additional 40,209 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of NV5 Global worth $991,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after buying an additional 1,461 shares in the last quarter. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 2,680 shares during the period. KBC Group NV lifted its stake in shares of NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,550 shares during the period. Finally, Natixis boosted its holdings in NV5 Global by 295.0% in the fourth quarter. Natixis now owns 4,353 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 3,251 shares during the last quarter. 75.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Roth Mkm increased their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Maxim Group reduced their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

NV5 Global Trading Down 1.9%

NASDAQ:NVEE opened at $19.47 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.63 and a beta of 1.08. The business’s 50-day moving average price is $17.79 and its two-hundred day moving average price is $19.12.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. On average, equities analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global Company 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.