Ameriprise Financial Inc. Purchases New Position in NV5 Global Inc (NVEE)

Ameriprise Financial Inc. acquired a new stake in shares of NV5 Global Inc (NASDAQ:NVEE) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,596 shares of the business services provider’s stock, valued at approximately $1,453,000. Ameriprise Financial Inc. owned approximately 0.25% of NV5 Global as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NVEE. Sei Investments Co. boosted its stake in shares of NV5 Global by 123.5% in the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after buying an additional 1,623 shares during the last quarter. Victory Capital Management Inc. lifted its position in NV5 Global by 536.1% during the third quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 3,088 shares in the last quarter. Simplex Trading LLC lifted its position in NV5 Global by 1,972.5% during the third quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 3,807 shares in the last quarter. Wells Fargo & Company MN lifted its position in NV5 Global by 2.5% during the second quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 126 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in NV5 Global during the second quarter valued at $238,000. 56.21% of the stock is owned by institutional investors.

Shares of NV5 Global Inc (NASDAQ NVEE) opened at $51.65 on Wednesday. The stock has a market capitalization of $557.08, a P/E ratio of 34.90, a P/E/G ratio of 0.98 and a beta of 1.83. NV5 Global Inc has a twelve month low of $33.86 and a twelve month high of $58.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.41.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $91.26 million during the quarter, compared to the consensus estimate of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. research analysts expect that NV5 Global Inc will post 2.34 EPS for the current fiscal year.

In other NV5 Global news, VP Richard Tong sold 2,200 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $54.00, for a total value of $118,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tardan Francois sold 3,684 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $187,810.32. Following the completion of the sale, the director now directly owns 4,465 shares in the company, valued at $227,625.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,684 shares of company stock worth $405,970. Insiders own 26.00% of the company’s stock.

NVEE has been the topic of a number of recent analyst reports. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Seaport Global Securities reissued a “buy” rating and set a $61.00 price objective (up from $42.00) on shares of NV5 Global in a research note on Wednesday, October 11th. Roth Capital boosted their price objective on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Lake Street Capital boosted their price objective on NV5 Global to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $58.00.

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NV5 Global Company Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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