Russell Investments Group Ltd. Raises Stake in NV5 Global, Inc. (NASDAQ:NVEE)
Russell Investments Group Ltd. raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 51.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 416,145 shares of the business services provider’s stock after buying an additional 140,830 shares during the period. Russell Investments Group Ltd. owned about 4.13% of NV5 Global worth $17,686,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Nationwide Fund Advisors increased its stake in NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after buying an additional 232 shares during the period. Parametric Portfolio Associates LLC increased its stake in NV5 Global by 1.6% in the first quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock worth $549,000 after buying an additional 232 shares during the period. American International Group Inc. increased its stake in NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after buying an additional 301 shares during the period. Teachers Advisors LLC increased its stake in NV5 Global by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock worth $430,000 after buying an additional 689 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in NV5 Global by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock worth $978,000 after buying an additional 1,109 shares during the period. Hedge funds and other institutional investors own 56.87% of the company’s stock.
NV5 Global, Inc. (NVEE) traded up 0.80% during trading on Wednesday, hitting $44.10. 27,874 shares of the company were exchanged. The company has a market capitalization of $444.62 million, a price-to-earnings ratio of 37.89 and a beta of 1.45. The stock’s 50-day moving average is $41.90 and its 200-day moving average is $39.00. NV5 Global, Inc. has a 12 month low of $24.57 and a 12 month high of $45.25.
NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The firm had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. Equities research analysts anticipate that NV5 Global, Inc. will post $2.27 earnings per share for the current year.
A number of research firms have recently weighed in on NVEE. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Wednesday, May 10th. Sidoti assumed coverage on shares of NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target for the company. Finally, BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.75.
NV5 Global Company Profile
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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