First Trust Advisors LP Sells 119,893 Shares of NV5 Global, Inc. (NVEE)

First Trust Advisors LP reduced its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 71.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,521 shares of the business services provider’s stock after selling 119,893 shares during the period. First Trust Advisors LP owned approximately 0.48% of NV5 Global worth $2,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its holdings in NV5 Global by 1.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 232 shares in the last quarter. Nationwide Fund Advisors increased its holdings in NV5 Global by 4.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 232 shares in the last quarter. American International Group Inc. increased its holdings in NV5 Global by 7.1% in the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 301 shares in the last quarter. Teachers Advisors LLC increased its holdings in NV5 Global by 5.7% in the 4th quarter. Teachers Advisors LLC now owns 12,866 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 689 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in NV5 Global by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 26,016 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.

Several analysts recently issued reports on NVEE shares. Zacks Investment Research downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Sidoti started coverage on NV5 Global in a report on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price target for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.

Shares of NV5 Global, Inc. (NASDAQ NVEE) opened at 47.65 on Monday. The company has a 50-day moving average price of $43.72 and a 200 day moving average price of $39.88. The firm has a market capitalization of $484.65 million, a P/E ratio of 38.03 and a beta of 1.42. NV5 Global, Inc. has a one year low of $24.57 and a one year high of $49.75.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. NV5 Global had a net margin of 4.90% and a return on equity of 12.79%. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $87.73 million. Analysts expect that NV5 Global, Inc. will post $2.31 earnings per share for the current fiscal year.

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NV5 Global Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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