PNC Financial Services Group Inc. Purchases 2,624 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

PNC Financial Services Group Inc. grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 603.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,059 shares of the business services provider’s stock after buying an additional 2,624 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NV5 Global were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVEE. Tandem Investment Advisors Inc. lifted its holdings in NV5 Global by 4.1% during the fourth quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock worth $393,000 after acquiring an additional 139 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of NV5 Global in the fourth quarter valued at $36,000. Rhumbline Advisers lifted its holdings in NV5 Global by 1.0% during the third quarter. Rhumbline Advisers now owns 37,010 shares of the business services provider’s stock valued at $3,561,000 after purchasing an additional 380 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in NV5 Global by 4.1% in the 4th quarter. Conestoga Capital Advisors LLC now owns 15,643 shares of the business services provider’s stock valued at $1,738,000 after buying an additional 620 shares in the last quarter. Finally, Renaissance Group LLC raised its stake in shares of NV5 Global by 4.8% during the 4th quarter. Renaissance Group LLC now owns 14,198 shares of the business services provider’s stock valued at $1,577,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Price Performance

NVEE opened at $92.97 on Friday. The stock has a 50-day moving average price of $93.09 and a 200-day moving average price of $99.77. The stock has a market capitalization of $1.50 billion, a P/E ratio of 36.75, a PEG ratio of 1.25 and a beta of 1.22. NV5 Global, Inc. has a 12-month low of $88.26 and a 12-month high of $115.01. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The business had revenue of $213.40 million during the quarter, compared to the consensus estimate of $208.42 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts predict that NV5 Global, Inc. will post 5.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $128.00 price objective (up previously from $121.00) on shares of NV5 Global in a research report on Thursday, May 9th.

Insider Buying and Selling

In related news, CFO Edward H. Codispoti sold 760 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the transaction, the chief financial officer now owns 16,929 shares in the company, valued at approximately $1,548,326.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Edward H. Codispoti sold 760 shares of NV5 Global stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value of $69,509.60. Following the sale, the chief financial officer now owns 16,929 shares in the company, valued at $1,548,326.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William D. Pruitt sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total transaction of $286,020.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at $1,191,750. The disclosure for this sale can be found here. Insiders have sold a total of 8,123 shares of company stock valued at $763,857 over the last three months. 12.40% of the stock is owned by company insiders.

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.