Chartwell Investment Partners LLC Boosts Stake in NV5 Global Inc (NVEE)

Chartwell Investment Partners LLC increased its holdings in NV5 Global Inc (NASDAQ:NVEE) by 150.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,318 shares of the business services provider’s stock after buying an additional 16,393 shares during the period. Chartwell Investment Partners LLC’s holdings in NV5 Global were worth $1,622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NVEE. Alliancebernstein L.P. grew its position in shares of NV5 Global by 37.7% during the third quarter. Alliancebernstein L.P. now owns 9,500 shares of the business services provider’s stock worth $824,000 after purchasing an additional 2,600 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of NV5 Global by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 31,805 shares of the business services provider’s stock worth $2,757,000 after purchasing an additional 1,710 shares in the last quarter. BlackRock Inc. grew its position in shares of NV5 Global by 18.6% during the third quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock worth $57,859,000 after purchasing an additional 104,447 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of NV5 Global during the third quarter worth about $204,000. Finally, Dimensional Fund Advisors LP grew its position in shares of NV5 Global by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 521,018 shares of the business services provider’s stock worth $45,171,000 after purchasing an additional 13,427 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on NVEE shares. Maxim Group reiterated a “buy” rating and set a $85.00 target price (down previously from $93.00) on shares of NV5 Global in a research report on Monday. Roth Capital cut their target price on NV5 Global from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 8th. ValuEngine upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. BidaskClub upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Singular Research reissued a “buy” rating on shares of NV5 Global in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $88.00.

In other news, VP Donald C. Alford sold 9,750 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $60.66, for a total value of $591,435.00. Following the completion of the sale, the vice president now directly owns 42,886 shares of the company’s stock, valued at approximately $2,601,464.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alexander A. Hockman sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.86, for a total value of $2,394,400.00. Following the completion of the sale, the chief operating officer now directly owns 214,916 shares of the company’s stock, valued at $12,864,871.76. The disclosure for this sale can be found here. 25.07% of the stock is owned by company insiders.

Shares of NV5 Global stock opened at $61.96 on Tuesday. NV5 Global Inc has a 12 month low of $51.46 and a 12 month high of $96.70. The company has a market cap of $769.61 million, a P/E ratio of 19.12, a PEG ratio of 1.12 and a beta of 1.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.54 and a quick ratio of 2.54.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.07). The firm had revenue of $115.34 million for the quarter, compared to the consensus estimate of $116.00 million. NV5 Global had a net margin of 6.42% and a return on equity of 14.88%. Research analysts predict that NV5 Global Inc will post 3.67 earnings per share for the current year.

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NV5 Global Company Profile

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

Further Reading: Stock Split

Want to see what other hedge funds are holding NVEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NV5 Global Inc (NASDAQ:NVEE).

Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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