NV5 Global Inc (NVEE) Stake Lowered by Taylor Wealth Management Partners

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Taylor Wealth Management Partners lessened its stake in NV5 Global Inc (NASDAQ:NVEE) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,808 shares of the business services provider’s stock after selling 4,611 shares during the period. NV5 Global accounts for 2.0% of Taylor Wealth Management Partners’ portfolio, making the stock its 17th largest holding. Taylor Wealth Management Partners owned about 0.45% of NV5 Global worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IMS Capital Management bought a new position in NV5 Global in the 3rd quarter worth approximately $26,000. Legal & General Group Plc raised its position in NV5 Global by 30.3% in the 3rd quarter. Legal & General Group Plc now owns 1,697 shares of the business services provider’s stock worth $147,000 after purchasing an additional 395 shares during the last quarter. Virtu Financial LLC bought a new position in NV5 Global in the 3rd quarter worth approximately $204,000. Stone Ridge Asset Management LLC bought a new stake in shares of NV5 Global during the 3rd quarter valued at $207,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of NV5 Global during the 3rd quarter valued at $213,000. Hedge funds and other institutional investors own 61.95% of the company’s stock.

Shares of NVEE traded down $1.65 during trading hours on Monday, reaching $66.93. The stock had a trading volume of 54,215 shares, compared to its average volume of 84,375. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.06. NV5 Global Inc has a 52 week low of $40.01 and a 52 week high of $96.70. The stock has a market cap of $863.62 million, a P/E ratio of 28.12, a P/E/G ratio of 0.80 and a beta of 1.63.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The firm had revenue of $104.19 million during the quarter, compared to the consensus estimate of $104.50 million. During the same quarter in the prior year, the company earned $0.75 EPS. NV5 Global’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts expect that NV5 Global Inc will post 3.32 earnings per share for the current fiscal year.

In related news, VP Donald C. Alford sold 7,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $64.59, for a total value of $452,130.00. Following the completion of the sale, the vice president now owns 47,016 shares in the company, valued at approximately $3,036,763.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $72.87, for a total transaction of $728,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,000 shares of company stock valued at $1,910,230. 25.07% of the stock is owned by corporate insiders.

Several analysts have commented on NVEE shares. Maxim Group set a $110.00 target price on shares of NV5 Global and gave the company a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research upgraded shares of NV5 Global from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, January 8th. Bank of America started coverage on shares of NV5 Global in a research report on Tuesday, November 13th. They set a “hold” rating and a $95.00 target price for the company. BidaskClub cut shares of NV5 Global from a “hold” rating to a “sell” rating in a research report on Saturday, December 8th. Finally, ValuEngine upgraded shares of NV5 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $92.57.

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NV5 Global Profile

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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