NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 42.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,400 shares of the business services provider’s stock after acquiring an additional 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in NV5 Global were worth $277,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC grew its position in NV5 Global by 95.5% in the 1st quarter. SG Americas Securities LLC now owns 24,365 shares of the business services provider’s stock worth $470,000 after purchasing an additional 11,899 shares during the last quarter. GAMMA Investing LLC grew its holdings in NV5 Global by 9,916.7% in the 1st quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock worth $58,000 after buying an additional 2,975 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in NV5 Global in the 1st quarter worth approximately $1,889,000. Chatham Capital Group Inc. increased its position in NV5 Global by 5.0% in the 1st quarter. Chatham Capital Group Inc. now owns 80,320 shares of the business services provider’s stock valued at $1,548,000 after acquiring an additional 3,815 shares during the period. Finally, Heritage Family Offices LLP raised its stake in NV5 Global by 6.8% during the 1st quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 706 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Analyst Upgrades and Downgrades

NVEE has been the topic of a number of research analyst reports. William Blair reissued a “market perform” rating on shares of NV5 Global in a report on Thursday, May 15th. Sidoti raised shares of NV5 Global to a “hold” rating in a research note on Friday, May 16th. Maxim Group dropped their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. 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, CJS Securities cut NV5 Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NV5 Global has a consensus rating of “Hold” and an average target price of $25.67.

NV5 Global Stock Performance

Shares of NVEE opened at $22.92 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm’s 50 day moving average is $19.50 and its 200-day moving average is $18.99. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. The stock has a market capitalization of $1.50 billion, a P/E ratio of 46.54, a P/E/G ratio of 2.63 and a beta of 1.14.

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