Swedbank AB Grows Position in NV5 Global, Inc. (NASDAQ:NVEE)

Swedbank AB lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 366.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,632,296 shares of the business services provider’s stock after acquiring an additional 1,282,296 shares during the quarter. Swedbank AB owned 2.51% of NV5 Global worth $30,752,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NVEE. Blue Trust Inc. raised its holdings in shares of NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after acquiring an additional 632 shares during the last quarter. KBC Group NV increased its position in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after acquiring an additional 3,550 shares in the last quarter. Cetera Trust Company N.A raised its position in NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 3,570 shares during the period. Liberty One Investment Management LLC boosted its holdings in NV5 Global by 317.9% in the 4th quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after acquiring an additional 5,157 shares during the period. Finally, Heritage Family Offices LLP acquired a new stake in NV5 Global during the 4th quarter valued at $196,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVEE. Robert W. Baird decreased their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.

NV5 Global Price Performance

Shares of NVEE opened at $18.22 on Friday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.86 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. The stock’s fifty day moving average is $19.65 and its 200-day moving average is $22.19. NV5 Global, Inc. has a one year low of $17.92 and a one year high of $28.29.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. The firm had revenue of $250.89 million during the quarter, compared to the consensus estimate of $250.50 million. During the same period in the prior year, the firm posted $0.38 EPS. Equities analysts anticipate that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global declared that its Board of Directors has approved a share buyback plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is currently owned by company insiders.

NV5 Global Company 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.