NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 325.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 686,061 shares of the business services provider’s stock after purchasing an additional 524,937 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NV5 Global were worth $12,925,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in NV5 Global by 7.9% in the third quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock valued at $2,496,000 after purchasing an additional 1,963 shares during the period. King Luther Capital Management Corp lifted its position in NV5 Global by 32.6% during the third quarter. King Luther Capital Management Corp now owns 37,410 shares of the business services provider’s stock valued at $3,497,000 after buying an additional 9,197 shares in the last quarter. Intech Investment Management LLC acquired a new position in NV5 Global during the third quarter valued at approximately $488,000. Swedbank AB lifted its position in NV5 Global by 27.3% during the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after buying an additional 75,000 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in NV5 Global by 143.4% during the third quarter. Quantbot Technologies LP now owns 5,437 shares of the business services provider’s stock valued at $508,000 after buying an additional 3,203 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Stock Down 0.9 %

NV5 Global stock opened at $18.70 on Friday. The company has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $20.54. The firm has a market capitalization of $1.22 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, equities analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its Board of Directors has authorized a share buyback plan on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on NVEE. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm boosted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st.

About NV5 Global

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.