Pier Capital LLC lifted its holdings in shares of NV5 Global Inc (NASDAQ:NVEE) by 8.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,195 shares of the business services provider’s stock after buying an additional 9,635 shares during the period. NV5 Global comprises about 1.2% of Pier Capital LLC’s portfolio, making the stock its 13th biggest holding. Pier Capital LLC owned about 1.17% of NV5 Global worth $6,897,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. S Squared Technology LLC raised its holdings in shares of NV5 Global by 17.9% during the 2nd quarter. S Squared Technology LLC now owns 57,165 shares of the business services provider’s stock worth $2,430,000 after buying an additional 8,667 shares in the last quarter. First National Bank of Hutchinson acquired a new position in shares of NV5 Global during the 3rd quarter worth $326,000. Yorktown Management & Research Co Inc acquired a new position in NV5 Global in the 3rd quarter worth about $547,000. Vanguard Group Inc. increased its holdings in NV5 Global by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 313,943 shares of the business services provider’s stock worth $11,804,000 after purchasing an additional 16,034 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in NV5 Global by 51.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock worth $17,686,000 after purchasing an additional 140,830 shares in the last quarter. 56.21% of the stock is owned by institutional investors.
A number of brokerages have issued reports on NVEE. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seaport Global Securities reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Zacks Investment Research cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Roth Capital upped their target price on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Lake Street Capital upped their target price on NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.00.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. NV5 Global had a return on equity of 14.75% and a net margin of 5.23%. The business had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $103.15 million. equities analysts forecast that NV5 Global Inc will post 2.34 earnings per share for the current year.
In other news, VP Richard Tong sold 2,200 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $54.00, for a total value of $118,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tardan Francois sold 3,684 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $187,810.32. Following the completion of the sale, the director now directly owns 4,465 shares of the company’s stock, valued at approximately $227,625.70. The disclosure for this sale can be found here. Corporate insiders own 26.00% of the company’s stock.
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NV5 Global Company 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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