Metropolitan Life Insurance Co. NY continued to hold its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,877 shares of the business services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.06% of NV5 Global worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nationwide Fund Advisors increased its stake in shares of NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock valued at $195,000 after buying an additional 232 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position 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 last quarter. American International Group Inc. boosted its position 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 last quarter. Teachers Advisors LLC boosted its position 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 last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 last quarter. Hedge funds and other institutional investors own 55.61% of the company’s stock.

NV5 Global, Inc. (NVEE) traded up 1.902% during trading on Wednesday, reaching $46.875. 26,218 shares of the company’s stock were exchanged. The company has a market capitalization of $476.77 million, a PE ratio of 37.410 and a beta of 1.45. NV5 Global, Inc. has a 1-year low of $24.57 and a 1-year high of $47.20. The company’s 50-day moving average is $42.09 and its 200-day moving average is $39.41.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. Equities research analysts expect that NV5 Global, Inc. will post $2.31 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on NVEE shares. BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Sidoti started coverage on shares of NV5 Global in a research report on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, May 10th. Two investment 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 stock. NV5 Global currently has an average rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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