California Public Employees Retirement System Has $1,128,000 Stake in NV5 Global, Inc. (NASDAQ:NVEE)
California Public Employees Retirement System continued to hold its position in NV5 Global, Inc. (NASDAQ:NVEE) during the first quarter, Holdings Channel reports. The firm owned 30,000 shares of the business services provider’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in NV5 Global were worth $1,128,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. increased 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 valued at $170,000 after buying an additional 301 shares during the period. Nationwide Fund Advisors increased its position 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 valued at $195,000 after buying an additional 232 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in NV5 Global during the first quarter valued at about $203,000. Concorde Asset Management LLC purchased a new position in NV5 Global during the first quarter valued at about $225,000. Finally, Renaissance Group LLC purchased a new position in NV5 Global during the first quarter valued at about $259,000. 56.87% of the stock is owned by institutional investors and hedge funds.
NV5 Global, Inc. (NASDAQ NVEE) traded up 0.24% on Friday, hitting $42.50. The stock had a trading volume of 4,687 shares. The company has a market cap of $432.27 million, a PE ratio of 33.92 and a beta of 1.45. NV5 Global, Inc. has a one year low of $24.57 and a one year high of $45.50. The stock has a 50-day moving average of $42.13 and a 200-day moving average of $39.20.
NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. The business had revenue of $83.74 million during the quarter, compared to analysts’ expectations of $87.73 million. Equities analysts expect that NV5 Global, Inc. will post $2.31 earnings per share for the current fiscal year.
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Several research firms have recently issued reports on NVEE. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Sidoti began coverage on NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $42.75.
About NV5 Global
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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