Principal Financial Group Inc. Sells 2,406 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Principal Financial Group Inc. reduced its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,543 shares of the business services provider’s stock after selling 2,406 shares during the quarter. Principal Financial Group Inc. owned 0.09% of NV5 Global worth $5,753,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NVEE. Blue Trust Inc. grew its holdings in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after buying an additional 632 shares during the last quarter. Net Worth Advisory Group purchased a new stake in NV5 Global during the 3rd quarter valued at $211,000. Handelsbanken Fonder AB increased its holdings in shares of NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after purchasing an additional 500 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of NV5 Global in the second quarter worth $307,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of NV5 Global by 5.1% during the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 167 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Performance

Shares of NVEE opened at $18.84 on Thursday. NV5 Global, Inc. has a one year low of $18.54 and a one year high of $28.29. The business has a fifty day moving average of $21.40 and a 200 day moving average of $22.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $1.23 billion, a P/E ratio of 33.49, a PEG ratio of 3.21 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research firms recently commented on NVEE. Robert W. Baird reduced their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.