Blue Trust Inc. Has $47,000 Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Blue Trust Inc. raised its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 287.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,512 shares of the business services provider’s stock after acquiring an additional 1,864 shares during the period. Blue Trust Inc.’s holdings in NV5 Global were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Swedbank AB lifted its holdings in NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after purchasing an additional 1,282,296 shares during the last quarter. Tributary Capital Management LLC increased its position in NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock worth $17,817,000 after buying an additional 755,467 shares during the period. Bernzott Capital Advisors bought a new position in NV5 Global during the 4th quarter worth $3,721,000. Redwood Grove Capital LLC acquired a new stake in shares of NV5 Global during the third quarter worth $12,599,000. Finally, Woodstock Corp boosted its position in shares of NV5 Global by 291.7% in the fourth quarter. Woodstock Corp now owns 117,100 shares of the business services provider’s stock valued at $2,206,000 after acquiring an additional 87,208 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Trading Down 1.0 %

Shares of NV5 Global stock opened at $18.28 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12-month low of $16.77 and a 12-month high of $26.16. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.63 and a beta of 1.23. The firm’s 50-day moving average price is $18.40 and its two-hundred day moving average price is $21.20.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has initiated a share buyback plan on Monday, January 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

NVEE has been the topic of a number of recent research reports. Robert W. Baird lowered their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Roth Mkm raised their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, NV5 Global has an average rating of “Moderate Buy” and an average target price of $25.67.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the transaction, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.40% of the company’s stock.

NV5 Global 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.