First Trust Advisors LP boosted its position in NV5 Global Inc (NASDAQ:NVEE) by 82.6% during the 4th quarter, HoldingsChannel reports. The fund owned 59,974 shares of the business services provider’s stock after buying an additional 27,133 shares during the period. First Trust Advisors LP’s holdings in NV5 Global were worth $3,248,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in NV5 Global by 123.5% in the third quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after acquiring an additional 1,623 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in NV5 Global by 536.1% in the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after acquiring an additional 3,088 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in NV5 Global by 2.5% in the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after acquiring an additional 126 shares in the last quarter. Cue Financial Group Inc. bought a new position in NV5 Global in the fourth quarter worth approximately $312,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in NV5 Global by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock worth $272,000 after acquiring an additional 752 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

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NV5 Global Inc (NVEE) opened at $54.75 on Wednesday. NV5 Global Inc has a fifty-two week low of $34.25 and a fifty-two week high of $58.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $571.48, a P/E ratio of 32.59, a PEG ratio of 0.91 and a beta of 1.66.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. NV5 Global had a return on equity of 16.44% and a net margin of 7.21%. The company had revenue of $93.98 million for the quarter, compared to analyst estimates of $96.35 million. sell-side analysts forecast that NV5 Global Inc will post 3.07 EPS for the current fiscal year.

Several research analysts have issued reports on the company. BidaskClub upgraded NV5 Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $58.80.

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NV5 Global 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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