Swiss National Bank Reduces Holdings in NV5 Global, Inc. $NVEE

Swiss National Bank trimmed its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,500 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Swiss National Bank owned 0.17% of NV5 Global worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its stake in NV5 Global by 4.2% during the first quarter. US Bancorp DE now owns 14,255 shares of the business services provider’s stock worth $275,000 after buying an additional 576 shares during the period. Heritage Family Offices LLP boosted its stake in NV5 Global by 6.8% during the first quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider’s stock worth $214,000 after buying an additional 706 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in NV5 Global by 1.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider’s stock worth $982,000 after buying an additional 795 shares during the period. BNP Paribas boosted its stake in 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 buying an additional 1,050 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in NV5 Global by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider’s stock worth $288,000 after buying an additional 1,203 shares during the period. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. CJS Securities lowered shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Wall Street Zen lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Maxim Group reissued a “hold” rating on shares of NV5 Global in a research note on Thursday, July 3rd. Lake Street Capital lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, Sidoti raised shares of NV5 Global to a “hold” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

NV5 Global Price Performance

NASDAQ:NVEE opened at $22.56 on Friday. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $25.96. The company has a 50-day moving average of $22.80 and a 200 day moving average of $20.23. The firm has a market cap of $1.51 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.86.

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.