NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 26.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,913,231 shares of the business services provider’s stock after buying an additional 402,506 shares during the period. Bank of New York Mellon Corp owned 2.93% of NV5 Global worth $36,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVEE. Charles Schwab Investment Management Inc. boosted its position in shares of NV5 Global by 325.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider’s stock valued at $12,925,000 after purchasing an additional 524,937 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of NV5 Global by 179.0% in the fourth quarter. Victory Capital Management Inc. now owns 33,915 shares of the business services provider’s stock worth $639,000 after buying an additional 21,758 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of NV5 Global by 359.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the business services provider’s stock worth $116,000 after buying an additional 4,799 shares during the period. Amundi boosted its holdings in shares of NV5 Global by 998.0% in the fourth quarter. Amundi now owns 25,178 shares of the business services provider’s stock worth $482,000 after buying an additional 22,885 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of NV5 Global by 156.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,241 shares of the business services provider’s stock worth $193,000 after purchasing an additional 6,254 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVEE shares. Wall Street Zen lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Sidoti raised shares of NV5 Global to a “hold” rating in a research report on Friday, May 16th. CJS Securities lowered shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Maxim Group reissued a “hold” rating on shares of NV5 Global in a research report on Thursday, July 3rd. Finally, William Blair reiterated a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NV5 Global currently has a consensus rating of “Hold” and an average target price of $25.67.

NV5 Global Price Performance

Shares of NV5 Global stock opened at $23.36 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50-day simple moving average is $22.14 and its 200-day simple moving average is $19.42. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The firm has a market cap of $1.57 billion, a P/E ratio of 47.19, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE) last issued its 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). NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. As a group, research analysts expect 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.