1 week Ago By ABMN Staff
Vanguard Group Inc. raised its holdings in shares of NV5 Global, Inc. ( NASDAQ:NVEE – Free Report ) by 288.
4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,761,947 shares of the business services provider’s stock after acquiring an additional 2,793,280 shares during the period.
Vanguard Group Inc. owned about 0.06% of NV5 Global worth $70,875,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its position in NV5 Global by 362.2% in the fourth quarter.
LPL Financial LLC now owns 46,805 shares of the business services provider’s stock valued at $882,000 after purchasing an additional 36,678 shares during the last quarter. Fox Run Management L.L.
C. purchased a new position in shares of NV5 Global in the fourth quarter worth $323,000. KLP Kapitalforvaltning AS bought a new stake in NV5 Global during the 4th quarter valued at $241,000.
AXQ Capital LP purchased a new stake in NV5 Global during the 4th quarter valued at $253,000. Finally, Sei Investments Co. boosted its position in NV5 Global by 376.
4% during the 4th quarter. Sei Investments Co. now owns 293,108 shares of the business services provider’s stock valued at $5,522,000 after buying an additional 231,582 shares during the period.
75.54% of the stock is owned by institutional investors. NV5 Global Trading Down 3.
0 % Shares of NVEE opened at $16.62 on Friday. NV5 Global, Inc.
has a 1-year low of $15.14 and a 1-year high of $26.14.
The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.
63 and a beta of 1.07. The firm’s 50-day moving average price is $18.
01 and its 200-day moving average price is $20.03. The company has a current ratio of 2.
05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.
NV5 Global declared that its Board of Directors has approved a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 1.
6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued. Analysts Set New Price Targets A number of equities analysts have issued reports on NVEE shares.
Roth Mkm boosted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st.
StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Maxim Group cut their price objective on NV5 Global from $29.
00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. View Our Latest Analysis on NVEE About NV5 Global ( 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. Read More Want to see what other hedge funds are holding NVEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NV5 Global, Inc.
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