Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,918 shares of the business services provider’s stock after purchasing an additional 758 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NV5 Global were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Taylor Frigon Capital Management LLC increased its stake in shares of NV5 Global by 0.5% during the third quarter. Taylor Frigon Capital Management LLC now owns 31,255 shares of the business services provider’s stock worth $3,008,000 after acquiring an additional 165 shares during the period. Renaissance Group LLC increased its position in NV5 Global by 1.3% during the 3rd quarter. Renaissance Group LLC now owns 13,548 shares of the business services provider’s stock worth $1,304,000 after purchasing an additional 176 shares during the period. Tandem Investment Advisors Inc. raised its stake in shares of NV5 Global by 11.5% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 3,400 shares of the business services provider’s stock worth $327,000 after buying an additional 350 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of NV5 Global by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 37,010 shares of the business services provider’s stock valued at $3,561,000 after buying an additional 380 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of NV5 Global by 1.6% in the third quarter. Nordea Investment Management AB now owns 29,895 shares of the business services provider’s stock valued at $2,879,000 after buying an additional 462 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. TheStreet lowered shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, NV5 Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

Insider Buying and Selling at NV5 Global

In other news, VP Donald C. Alford sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the completion of the transaction, the vice president now owns 2,541 shares of the company’s stock, valued at $254,404.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now owns 2,541 shares in the company, valued at $254,404.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the sale, the vice president now directly owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

NV5 Global Trading Up 0.7 %

NASDAQ:NVEE opened at $93.79 on Friday. NV5 Global, Inc. has a 52-week low of $88.56 and a 52-week high of $119.56. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $96.46 and a 200-day simple moving average of $101.13. The company has a market capitalization of $1.51 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $216.00 million. During the same quarter in the previous year, the firm posted $1.21 EPS. On average, equities research analysts expect that NV5 Global, Inc. will post 5.02 earnings per share for the current fiscal year.

NV5 Global Company Profile

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.