Tandem Investment Advisors Inc. Boosts Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Tandem Investment Advisors Inc. lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,539 shares of the business services provider’s stock after purchasing an additional 139 shares during the period. Tandem Investment Advisors Inc.’s holdings in NV5 Global were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVEE. Point72 Hong Kong Ltd purchased a new stake in NV5 Global in the 2nd quarter worth $38,000. PNC Financial Services Group Inc. grew its position in shares of NV5 Global by 148.6% during the second quarter. PNC Financial Services Group Inc. now owns 353 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 211 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of NV5 Global by 172.0% during the first quarter. Tower Research Capital LLC TRC now owns 476 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 301 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of NV5 Global during the third quarter valued at about $68,000. Finally, Lazard Asset Management LLC purchased a new position in shares of NV5 Global during the first quarter valued at about $73,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

Insiders Place Their Bets

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

NV5 Global Trading Down 2.9 %

Shares of NASDAQ:NVEE traded down $2.67 during trading on Wednesday, reaching $90.87. The company’s stock had a trading volume of 101,264 shares, compared to its average volume of 72,848. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.26. NV5 Global, Inc. has a 12 month low of $89.30 and a 12 month high of $119.56. The firm’s 50 day simple moving average is $100.82 and its two-hundred day simple moving average is $102.20. The stock has a market capitalization of $1.45 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). The firm had revenue of $215.50 million during the quarter, compared to the consensus estimate of $216.00 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. During the same period in the previous year, the business earned $1.21 EPS. On average, research analysts predict 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.