Advisors Asset Management Inc. Acquires 127,269 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Advisors Asset Management Inc. boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 476.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,969 shares of the business services provider’s stock after acquiring an additional 127,269 shares during the quarter. Advisors Asset Management Inc. owned 0.24% of NV5 Global worth $2,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVEE. King Luther Capital Management Corp increased its stake in NV5 Global by 32.6% in the third quarter. King Luther Capital Management Corp now owns 37,410 shares of the business services provider’s stock valued at $3,497,000 after acquiring an additional 9,197 shares during the period. Intech Investment Management LLC bought a new stake in NV5 Global in the third quarter valued at about $488,000. Charles Schwab Investment Management Inc. increased its stake in NV5 Global by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 161,124 shares of the business services provider’s stock valued at $15,062,000 after acquiring an additional 6,188 shares during the period. Swedbank AB increased its stake in NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after acquiring an additional 75,000 shares during the period. Finally, Quantbot Technologies LP increased its stake in NV5 Global by 143.4% in the third quarter. Quantbot Technologies LP now owns 5,437 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 3,203 shares during the period. Institutional investors own 75.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NVEE shares. Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

NV5 Global Price Performance

NASDAQ:NVEE opened at $18.70 on Friday. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The company’s 50-day moving average price is $18.13 and its two-hundred day moving average price is $20.54. The firm has a market cap of $1.22 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. 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 (NASDAQ:NVEE) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has initiated a share buyback program 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

About NV5 Global

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.