NV5 Global, Inc. $NVEE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,033 shares of the business services provider’s stock after selling 19,549 shares during the period. Russell Investments Group Ltd. owned 0.24% of NV5 Global worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NVEE. Cercano Management LLC lifted its holdings in NV5 Global by 208.8% in the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider’s stock valued at $73,958,000 after purchasing an additional 2,654,405 shares in the last quarter. Vanguard Group Inc. lifted its holdings in NV5 Global by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 3,832,374 shares of the business services provider’s stock valued at $73,850,000 after purchasing an additional 70,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 310.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider’s stock valued at $47,370,000 after purchasing an additional 1,901,998 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in NV5 Global by 26.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,913,231 shares of the business services provider’s stock valued at $36,868,000 after purchasing an additional 402,506 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in NV5 Global by 6.5% in the 1st quarter. Geneva Capital Management LLC now owns 1,723,679 shares of the business services provider’s stock valued at $33,215,000 after purchasing an additional 105,204 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. CJS Securities lowered shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 10th. Maxim Group restated a “hold” rating on shares of NV5 Global in a report on Thursday, July 3rd. Wall Street Zen lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Lake Street Capital lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Sidoti upgraded shares of NV5 Global to a “hold” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.67.

NV5 Global Stock Performance

Shares of NVEE stock opened at $22.56 on Monday. The firm has a market cap of $1.51 billion, a P/E ratio of 45.58, a PEG ratio of 1.42 and a beta of 1.11. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $25.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s 50-day simple moving average is $22.80 and its 200-day simple moving average is $20.24.

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.