First Trust Advisors LP grew its stake in NV5 Global Inc (NASDAQ:NVEE) by 82.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 owned 0.56% of NV5 Global worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of NVEE. Dimensional Fund Advisors LP boosted its position in shares of NV5 Global by 18.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock valued at $22,522,000 after purchasing an additional 63,889 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of NV5 Global during the 3rd quarter valued at about $547,000. Ameriprise Financial Inc. bought a new stake in shares of NV5 Global during the 3rd quarter valued at about $1,453,000. Bank of New York Mellon Corp boosted its position in shares of NV5 Global by 65.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 50,283 shares of the business services provider’s stock valued at $2,748,000 after purchasing an additional 19,927 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of NV5 Global by 4.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 435,821 shares of the business services provider’s stock valued at $23,817,000 after purchasing an additional 19,676 shares in the last quarter. 56.52% of the stock is owned by institutional investors.
Several brokerages recently commented on NVEE. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research report on Wednesday. BidaskClub upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $58.80.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $93.98 million for the quarter, compared to analyst estimates of $96.35 million. NV5 Global had a return on equity of 16.44% and a net margin of 7.21%. research analysts forecast that NV5 Global Inc will post 3.07 earnings per share for the current year.
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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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