1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,800 shares of the business services provider’s stock, valued at approximately $241,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NVEE. BNP Paribas Financial Markets raised its holdings in shares of NV5 Global by 12.5% in the 3rd quarter.
BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 703 shares during the period. Blue Trust Inc. increased its position in NV5 Global by 287.
7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares during the last quarter.
Janus Henderson Group PLC raised its stake in NV5 Global by 42.5% in the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock valued at $750,000 after buying an additional 2,396 shares during the period.
JPMorgan Chase & Co. lifted its position in shares of NV5 Global by 4.1% in the third quarter.
JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after buying an additional 2,483 shares during the last quarter. Finally, SRS Capital Advisors Inc.
lifted its position in shares of NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc.
now owns 3,584 shares of the business services provider’s stock valued at $68,000 after buying an additional 2,680 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.
NV5 Global Price PerformanceNASDAQ:NVEE opened at $16.88 on Tuesday. NV5 Global, Inc.
has a 52 week low of $16.20 and a 52 week high of $26.14.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.
05. The firm’s 50-day simple moving average is $18.21 and its 200 day simple moving average is $20.
22. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 34.
27, a P/E/G ratio of 2.63 and a beta of 1.07.
NV5 Global (NASDAQ:NVEE – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
30 by ($0.02). The company had revenue of $246.
52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.
34% and a net margin of 3.25%. As a group, sell-side analysts predict that NV5 Global, Inc.
will post 1.26 earnings per share for the current year. NV5 Global declared that its board has approved a share buyback plan on Monday, January 6th that authorizes the company to repurchase $20.
00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases.
Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued. Analysts Set New Price TargetsNVEE has been the topic of several research reports. Maxim Group decreased their price objective on shares of NV5 Global from $29.
00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.
com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm upped their target price on NV5 Global from $27.00 to $28.
00 and gave the company a “buy” rating in a research report on Friday, February 21st.Check Out Our Latest Stock Analysis on NV5 GlobalNV5 Global Company Profile (Free Report)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.
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