Wells Fargo & Company MN Boosts Holdings in NV5 Global, Inc. (NVEE)

Wells Fargo & Company MN raised its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,083 shares of the business services provider’s stock after buying an additional 126 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of NV5 Global worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its stake in NV5 Global by 1.6% during 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 during the period. American International Group Inc. raised its stake in NV5 Global by 7.1% during 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 during the period. Rhumbline Advisers raised its stake in NV5 Global by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 8,631 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 870 shares during the period. Bank of New York Mellon Corp raised its stake in NV5 Global by 4.5% during 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 during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in NV5 Global by 0.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 181,260 shares of the business services provider’s stock valued at $7,704,000 after purchasing an additional 1,317 shares during the period. 55.81% of the stock is currently owned by institutional investors.

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Several brokerages have issued reports on NVEE. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities reissued a “buy” rating and set a $61.00 target price (up from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Lake Street Capital boosted their target price on shares of NV5 Global to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Roth Capital boosted their target price on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. NV5 Global currently has a consensus rating of “Buy” and a consensus target price of $58.00.

NV5 Global, Inc. (NASDAQ NVEE) opened at $54.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.54 and a current ratio of 2.54. NV5 Global, Inc. has a fifty-two week low of $33.10 and a fifty-two week high of $58.95. The company has a market cap of $587.28, a price-to-earnings ratio of 25.44, a PEG ratio of 1.17 and a beta of 1.44.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. The business had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million. sell-side analysts predict that NV5 Global, Inc. will post 2.34 earnings per share for the current year.

In other news, Director Tardan Francois sold 3,684 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the transaction, the director now directly owns 4,465 shares in the company, valued at approximately $227,625.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 26.00% of the company’s stock.

About NV5 Global

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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