The Manufacturers Life Insurance Company boosted its stake in shares of NV5 Global Inc (NASDAQ:NVEE) by 13.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,371 shares of the business services provider’s stock after purchasing an additional 752 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of NV5 Global worth $272,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after buying an additional 126 shares during the period. Nationwide Fund Advisors increased its stake in NV5 Global by 12.5% during the 2nd quarter. Nationwide Fund Advisors now owns 5,851 shares of the business services provider’s stock worth $249,000 after buying an additional 652 shares during the period. Teachers Advisors LLC increased its stake in NV5 Global by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 13,727 shares of the business services provider’s stock worth $583,000 after buying an additional 861 shares during the period. Rhumbline Advisers increased 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 worth $367,000 after buying an additional 870 shares during the period. Finally, Royal Bank of Canada increased its stake in NV5 Global by 2.9% during the 2nd quarter. Royal Bank of Canada now owns 39,366 shares of the business services provider’s stock worth $1,673,000 after buying an additional 1,101 shares during the period. 56.21% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on NVEE. 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 price objective (up from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Roth Capital raised their price objective on shares of NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Lake Street Capital raised their price objective on shares of NV5 Global to $66.00 and gave the stock a “buy” rating in a report 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. The stock has an average rating of “Buy” and an average price target of $58.00.

In related news, CFO Michael P. Rama sold 1,800 shares of NV5 Global stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $55.20, for a total value of $99,360.00. Following the sale, the chief financial officer now directly owns 29,949 shares in the company, valued at approximately $1,653,184.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tardan Francois sold 3,684 shares of NV5 Global stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the completion of the sale, the director now owns 4,465 shares in the company, valued at $227,625.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,684 shares of company stock worth $405,970. 26.00% of the stock is currently owned by insiders.

NV5 Global Inc (NVEE) opened at $54.60 on Wednesday. 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 debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54. The company has a market cap of $593.21, a PE ratio of 25.70, a PEG ratio of 1.18 and a beta of 1.38.

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 Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $103.15 million. analysts anticipate that NV5 Global Inc will post 2.34 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.

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

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