US Bancorp DE Has $258,000 Stake in NV5 Global, Inc. (NASDAQ:NVEE)

US Bancorp DE boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 363.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,679 shares of the business services provider’s stock after purchasing an additional 10,730 shares during the quarter. US Bancorp DE’s holdings in NV5 Global were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Versor Investments LP raised its stake in NV5 Global by 295.2% in the 4th quarter. Versor Investments LP now owns 16,624 shares of the business services provider’s stock worth $313,000 after purchasing an additional 12,418 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in NV5 Global by 303.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,200 shares of the business services provider’s stock worth $230,000 after purchasing an additional 9,175 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in NV5 Global by 362.6% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 137,299 shares of the business services provider’s stock worth $2,587,000 after purchasing an additional 107,618 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in NV5 Global by 310.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,511 shares of the business services provider’s stock worth $556,000 after purchasing an additional 22,326 shares in the last quarter. Finally, Amalgamated Bank raised its stake in NV5 Global by 293.1% in the 4th quarter. Amalgamated Bank now owns 15,316 shares of the business services provider’s stock worth $289,000 after purchasing an additional 11,420 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Trading Up 3.1 %

Shares of NV5 Global stock opened at $18.18 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. 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’s 50 day moving average is $18.16 and its 200 day moving average is $20.72. NV5 Global, Inc. has a 1 year low of $16.77 and a 1 year high of $26.14.

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

NV5 Global announced that its board has authorized a share 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 generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVEE shares. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Roth Mkm boosted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

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.