NV5 Global, Inc. (NASDAQ:NVEE) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in NV5 Global, Inc. (NASDAQ:NVEE) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,291 shares of the business services provider’s stock after selling 150 shares during the period. Illinois Municipal Retirement Fund’s holdings in NV5 Global were worth $810,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NVEE. American Century Companies Inc. grew its position in NV5 Global by 86.2% in the 3rd quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock worth $32,685,000 after purchasing an additional 157,256 shares during the last quarter. Emerald Advisers LLC boosted its position in shares of NV5 Global by 10.5% during the third quarter. Emerald Advisers LLC now owns 299,994 shares of the business services provider’s stock worth $28,868,000 after buying an additional 28,439 shares during the period. Neumeier Poma Investment Counsel LLC grew its holdings in NV5 Global by 2.7% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 255,266 shares of the business services provider’s stock worth $24,564,000 after buying an additional 6,605 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in NV5 Global by 8.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 244,686 shares of the business services provider’s stock valued at $23,546,000 after acquiring an additional 19,153 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in NV5 Global by 4.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 164,394 shares of the business services provider’s stock valued at $15,820,000 after acquiring an additional 7,664 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVEE. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. One investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $119.67.

NV5 Global Trading Up 0.3 %

Shares of NV5 Global stock opened at $94.30 on Tuesday. The business has a fifty day simple moving average of $97.64 and a 200-day simple moving average of $101.48. NV5 Global, Inc. has a fifty-two week low of $88.56 and a fifty-two week high of $119.56. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The business had revenue of $215.50 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.21 earnings per share. On average, equities analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current fiscal year.

Insider Activity at NV5 Global

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

NV5 Global 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.