New York State Common Retirement Fund Reduces Position in NV5 Global Inc (NVEE)

New York State Common Retirement Fund reduced its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,100 shares of the business services provider’s stock after selling 900 shares during the period. New York State Common Retirement Fund owned about 0.13% of NV5 Global worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMS Capital Management acquired a new stake in shares of NV5 Global during the third quarter worth about $26,000. Legal & General Group Plc grew its holdings in shares of NV5 Global by 30.3% during the third quarter. Legal & General Group Plc now owns 1,697 shares of the business services provider’s stock worth $147,000 after buying an additional 395 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of NV5 Global during the third quarter worth about $204,000. Keybank National Association OH purchased a new stake in NV5 Global in the 3rd quarter valued at approximately $223,000. Finally, Marshall Wace LLP purchased a new stake in NV5 Global in the 3rd quarter valued at approximately $417,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NVEE traded up $1.58 during trading on Friday, hitting $61.43. The company’s stock had a trading volume of 53,425 shares, compared to its average volume of 99,711. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.54 and a current ratio of 2.54. The company has a market capitalization of $771.87 million, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.70. NV5 Global Inc has a twelve month low of $51.46 and a twelve month high of $96.70.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.07). The business had revenue of $115.34 million during the quarter, compared to analyst estimates of $116.00 million. NV5 Global had a net margin of 6.42% and a return on equity of 14.88%. As a group, equities research analysts forecast that NV5 Global Inc will post 3.67 earnings per share for the current fiscal year.

In other news, COO Alexander A. Hockman sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $59.86, for a total transaction of $2,394,400.00. Following the completion of the sale, the chief operating officer now directly owns 214,916 shares in the company, valued at approximately $12,864,871.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael P. Rama sold 500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $62.51, for a total value of $31,255.00. Following the sale, the chief financial officer now owns 28,800 shares of the company’s stock, valued at $1,800,288. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,250 shares of company stock valued at $3,017,090. Insiders own 25.07% of the company’s stock.

A number of equities research analysts have weighed in on the company. Maxim Group reaffirmed a “buy” rating and issued a $85.00 price objective (down previously from $93.00) on shares of NV5 Global in a report on Monday, April 15th. Zacks Investment Research raised NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub raised NV5 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Singular Research reissued a “buy” rating on shares of NV5 Global in a research note on Wednesday, March 13th. Finally, ValuEngine lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.00.

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About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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

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