Swedbank AB Has $30.75 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Swedbank AB increased its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 366.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,632,296 shares of the business services provider’s stock after purchasing an additional 1,282,296 shares during the period. Swedbank AB’s holdings in NV5 Global were worth $30,752,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. QV Investors Inc. boosted its position in shares of NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 43,790 shares during the period. Nordea Investment Management AB increased its holdings in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after buying an additional 73,944 shares in the last quarter. JPMorgan Chase & Co. raised its position in NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after purchasing an additional 2,483 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of NV5 Global by 292.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock valued at $945,000 after buying an additional 37,384 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of NV5 Global by 297.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after acquiring an additional 53,014 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.40% of the company’s stock.

NV5 Global Stock Down 0.1 %

NVEE stock opened at $18.22 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 32.39, a P/E/G ratio of 2.86 and a beta of 1.22. The business has a 50-day moving average of $19.65 and a 200-day moving average of $22.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a fifty-two week low of $17.92 and a fifty-two week 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). The business had revenue of $250.89 million for the quarter, compared to analyst estimates of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, sell-side analysts anticipate that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has initiated a share repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently issued reports on NVEE. Robert W. Baird decreased their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

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.