NV5 Global, Inc. (NASDAQ:NVEE) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 311.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 253,115 shares of the business services provider’s stock after buying an additional 191,572 shares during the quarter. Principal Financial Group Inc. owned 0.39% of NV5 Global worth $4,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. KBC Group NV grew its holdings in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,550 shares in the last quarter. Cetera Trust Company N.A raised its stake in shares of NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after buying an additional 3,570 shares in the last quarter. Liberty One Investment Management LLC lifted its stake in NV5 Global by 317.9% during the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after purchasing an additional 5,157 shares during the period. Finally, Heritage Family Offices LLP bought a new position in shares of NV5 Global during the fourth quarter valued at $196,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Performance

Shares of NVEE opened at $17.39 on Tuesday. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 35.31, 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. The firm has a fifty day simple moving average of $18.33 and a 200 day simple moving average of $21.06.

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

NV5 Global declared that its Board of Directors has approved a stock buyback program on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NV5 Global

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Mkm increased 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. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Robert W. Baird dropped 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. Finally, Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

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.