Geneva Capital Management LLC Boosts Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Geneva Capital Management LLC raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 274.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,618,475 shares of the business services provider’s stock after acquiring an additional 1,185,754 shares during the period. Geneva Capital Management LLC’s holdings in NV5 Global were worth $30,492,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB boosted its position in shares of NV5 Global by 366.4% in the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after buying an additional 1,282,296 shares during the period. Bank of New York Mellon Corp boosted its position in shares of NV5 Global by 1,572.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock worth $28,462,000 after buying an additional 1,420,417 shares during the period. Tributary Capital Management LLC boosted its position in shares of NV5 Global by 397.1% in the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock worth $17,817,000 after buying an additional 755,467 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of NV5 Global by 325.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider’s stock worth $12,925,000 after buying an additional 524,937 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of NV5 Global by 297.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider’s stock worth $10,541,000 after buying an additional 418,610 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 12.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVEE. Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Robert W. Baird cut their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.

NV5 Global Trading Up 1.7 %

NASDAQ:NVEE opened at $17.89 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The business’s 50-day simple moving average is $18.29 and its 200 day simple moving average is $21.00. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. As a group, sell-side analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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

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.