Blue Trust Inc. Has $47,000 Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Blue Trust Inc. increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 287.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,512 shares of the business services provider’s stock after purchasing an additional 1,864 shares during the period. Blue Trust Inc.’s holdings in NV5 Global were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVEE. BNP Paribas Financial Markets boosted its holdings in NV5 Global by 12.5% during the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after buying an additional 703 shares during the last quarter. Versor Investments LP boosted its stake in NV5 Global by 23.7% during the 3rd quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock worth $393,000 after acquiring an additional 806 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in NV5 Global by 0.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider’s stock valued at $13,169,000 after purchasing an additional 1,000 shares during the period. Advisors Asset Management Inc. increased its stake in NV5 Global by 7.9% in the third quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock valued at $2,496,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in NV5 Global by 42.5% in the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 2,396 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $18.28 on Thursday. The company has a fifty day moving average price of $18.40 and a 200 day moving average price of $21.20. The firm has a market cap of $1.19 billion, a PE ratio of 37.12, a PEG ratio of 2.63 and a beta of 1.23. 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, Inc. has a 1-year low of $16.77 and a 1-year high of $26.16.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a stock buyback plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

NVEE has been the subject of several research analyst reports. Robert W. Baird decreased their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Roth Mkm raised their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.40% of the company’s stock.

About NV5 Global

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.