Rhumbline Advisers lifted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,631 shares of the business services provider’s stock after purchasing an additional 870 shares during the period. Rhumbline Advisers owned about 0.09% of NV5 Global worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVEE. Russell Investments Group Ltd. raised its stake in shares of NV5 Global by 51.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 416,145 shares of the business services provider’s stock worth $17,686,000 after purchasing an additional 140,830 shares during the period. Grandeur Peak Global Advisors LLC raised its stake in shares of NV5 Global by 368.2% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 106,050 shares of the business services provider’s stock worth $3,987,000 after purchasing an additional 83,400 shares during the period. Woodstock Corp bought a new stake in shares of NV5 Global during the 2nd quarter worth $2,600,000. Dimensional Fund Advisors LP raised its stake in shares of NV5 Global by 21.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 275,929 shares of the business services provider’s stock worth $10,375,000 after purchasing an additional 48,902 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in shares of NV5 Global during the 1st quarter worth $1,559,000. Institutional investors own 55.53% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/nv5-global-inc-nvee-stake-raised-by-rhumbline-advisers/1616733.html.

A number of research firms have recently commented on NVEE. Zacks Investment Research cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Sidoti began coverage on NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.67.

Shares of NV5 Global, Inc. (NASDAQ:NVEE) opened at 53.85 on Friday. NV5 Global, Inc. has a 1-year low of $24.57 and a 1-year high of $56.70. The company has a market capitalization of $547.71 million, a PE ratio of 42.98 and a beta of 1.44. The stock’s 50 day moving average price is $49.69 and its 200-day moving average price is $42.09.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $83.74 million for the quarter, compared to the consensus estimate of $87.73 million. NV5 Global had a return on equity of 12.79% and a net margin of 4.90%. On average, equities analysts predict that NV5 Global, Inc. will post $2.31 EPS for the current year.

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.

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

Receive News & Ratings for NV5 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.