Northern Trust Corp Purchases 465,243 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Northern Trust Corp grew its position in NV5 Global, Inc. (NASDAQ:NVEE) by 303.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 618,758 shares of the business services provider’s stock after purchasing an additional 465,243 shares during the quarter. Northern Trust Corp owned approximately 0.95% of NV5 Global worth $11,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of NV5 Global by 3,320.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after purchasing an additional 1,461 shares during the period. Blue Trust Inc. boosted 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. boosted its position 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 worth $68,000 after acquiring an additional 2,680 shares during the last quarter. KBC Group NV boosted its position 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 worth $80,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Natixis boosted its position in shares of NV5 Global by 295.0% during the fourth quarter. Natixis now owns 4,353 shares of the business services provider’s stock worth $82,000 after acquiring an additional 3,251 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Price Performance

NVEE stock opened at $22.05 on Friday. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. 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 fifty day simple moving average of $17.98 and a two-hundred day simple moving average of $19.11. The firm has a market capitalization of $1.45 billion, a P/E ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. Analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Roth Mkm upped their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. William Blair restated a “market perform” rating on shares of NV5 Global in a research report on Thursday. Finally, Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, NV5 Global presently has a consensus rating of “Hold” and an average target price of $25.67.

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.