Anchor Capital Advisors LLC Sells 1,423 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Anchor Capital Advisors LLC lessened its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 5.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,744 shares of the business services provider’s stock after selling 1,423 shares during the period. Anchor Capital Advisors LLC’s holdings in NV5 Global were worth $2,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVEE. Cetera Trust Company N.A acquired a new stake in shares of NV5 Global in the fourth quarter worth $231,000. Tandem Investment Advisors Inc. boosted its stake in NV5 Global by 4.1% during the fourth quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock worth $393,000 after buying an additional 139 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NV5 Global by 35.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,918 shares of the business services provider’s stock worth $324,000 after buying an additional 758 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in NV5 Global during the fourth quarter worth $711,000. Finally, Conestoga Capital Advisors LLC boosted its stake in NV5 Global by 4.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 15,643 shares of the business services provider’s stock worth $1,738,000 after buying an additional 620 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the sale, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Donald C. Alford sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now owns 2,541 shares in the company, valued at approximately $254,404.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction of $244,744.27. Following the completion of the sale, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The disclosure for this sale can be found here. Corporate insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVEE. TheStreet cut NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

NV5 Global Stock Up 0.2 %

NVEE stock traded up $0.21 during midday trading on Tuesday, hitting $94.51. The company’s stock had a trading volume of 11,095 shares, compared to its average volume of 73,677. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.06 and a quick ratio of 2.06. The company’s fifty day moving average price is $97.64 and its 200 day moving average price is $101.48. The stock has a market capitalization of $1.50 billion, a P/E ratio of 32.63, a PEG ratio of 1.19 and a beta of 1.09. NV5 Global, Inc. has a twelve month low of $88.56 and a twelve month high of $119.56.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The firm had revenue of $215.50 million during the quarter, compared to the consensus estimate of $216.00 million. During the same period in the prior year, the business posted $1.21 earnings per share. As a group, equities research analysts predict that NV5 Global, Inc. will post 5.02 EPS for the current year.

About NV5 Global

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.