New York State Teachers Retirement System Trims Stake in NV5 Global, Inc. (NASDAQ:NVEE)

New York State Teachers Retirement System lowered its position in NV5 Global, Inc. (NASDAQ:NVEE) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,815 shares of the business services provider’s stock after selling 642 shares during the quarter. New York State Teachers Retirement System’s holdings in NV5 Global were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tributary Capital Management LLC purchased a new stake in shares of NV5 Global in the fourth quarter valued at $13,890,000. American Century Companies Inc. raised its stake in shares of NV5 Global by 86.2% in the third quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock valued at $32,685,000 after acquiring an additional 157,256 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in NV5 Global in the 3rd quarter worth about $480,000. Fred Alger Management LLC increased its stake in NV5 Global by 123.0% in the 3rd quarter. Fred Alger Management LLC now owns 37,684 shares of the business services provider’s stock worth $3,626,000 after buying an additional 20,789 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in NV5 Global by 9.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,139 shares of the business services provider’s stock worth $12,716,000 after buying an additional 11,391 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVEE. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Buying and Selling at NV5 Global

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

NV5 Global Trading Down 1.6 %

NASDAQ NVEE opened at $89.46 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company’s 50-day simple moving average is $100.12 and its two-hundred day simple moving average is $102.04. NV5 Global, Inc. has a one year low of $89.30 and a one year high of $119.56.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The business had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $216.00 million. NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. During the same period last year, the business posted $1.21 EPS. Equities analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current fiscal year.

NV5 Global Company Profile

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.