Rhumbline Advisers Sells 8,620 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Rhumbline Advisers cut its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,256 shares of the business services provider’s stock after selling 8,620 shares during the quarter. Rhumbline Advisers owned 0.24% of NV5 Global worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NVEE. BNP Paribas raised its stake in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after acquiring an additional 1,461 shares in the last quarter. Blue Trust Inc. raised its stake 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 in the last quarter. SRS Capital Advisors Inc. raised 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 worth $68,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Natixis raised its stake 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 in the last quarter. 75.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Maxim Group decreased 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 note on Friday, February 21st. William Blair reaffirmed a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, CJS Securities downgraded shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.67.

NV5 Global Stock Performance

NASDAQ:NVEE opened at $22.92 on Monday. The stock has a market cap of $1.50 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14. The firm’s fifty day simple moving average is $19.50 and its 200 day simple moving average is $18.99. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month 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.

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

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.