CIBC Private Wealth Group LLC Purchases 5,264 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

CIBC Private Wealth Group LLC grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 483.4% in the 4th quarter, HoldingsChannel reports. The fund owned 6,353 shares of the business services provider’s stock after buying an additional 5,264 shares during the period. CIBC Private Wealth Group LLC’s holdings in NV5 Global were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVEE. Vanguard Group Inc. increased its stake in NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider’s stock valued at $70,875,000 after purchasing an additional 2,793,280 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider’s stock valued at $40,456,000 after buying an additional 1,639,014 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock valued at $28,462,000 after buying an additional 1,420,417 shares during the last quarter. Swedbank AB increased its position in shares of NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after acquiring an additional 1,282,296 shares in the last quarter. Finally, Geneva Capital Management LLC raised its holdings in shares of NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider’s stock worth $30,492,000 after acquiring an additional 1,185,754 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NVEE shares. 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. Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

NV5 Global Trading Down 6.2 %

Shares of NVEE stock opened at $16.88 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 52-week low of $16.20 and a 52-week high of $26.14. The company has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $20.22.

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

NV5 Global announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.