Advisors Asset Management Inc. Increases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Advisors Asset Management Inc. grew its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 12.6% in the first quarter, HoldingsChannel.com reports. The firm owned 19,082 shares of the business services provider’s stock after buying an additional 2,129 shares during the quarter. Advisors Asset Management Inc.’s holdings in NV5 Global were worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MQS Management LLC bought a new stake in shares of NV5 Global in the first quarter worth about $314,000. Pitcairn Co. raised its position in NV5 Global by 19.1% during the 1st quarter. Pitcairn Co. now owns 3,316 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 531 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in NV5 Global in the 1st quarter worth approximately $330,000. Cynosure Group LLC bought a new stake in shares of NV5 Global in the 1st quarter worth approximately $308,000. Finally, Summit Creek Advisors LLC increased its stake in shares of NV5 Global by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 134,225 shares of the business services provider’s stock valued at $13,155,000 after buying an additional 935 shares during the period. Institutional investors own 75.54% of the company’s stock.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $103.63 on Friday. NV5 Global, Inc. has a 1 year low of $88.26 and a 1 year high of $115.01. The stock has a market capitalization of $1.67 billion, a P/E ratio of 40.96, a P/E/G ratio of 1.39 and a beta of 1.22. The company’s 50-day moving average is $94.20 and its 200 day moving average is $98.05. 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 (NASDAQ:NVEE) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The firm had revenue of $213.40 million for the quarter, compared to the consensus estimate of $208.42 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts expect that NV5 Global, Inc. will post 5.04 earnings per share for the current year.

Insider Activity at NV5 Global

In other NV5 Global news, Director William D. Pruitt sold 3,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total value of $286,020.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at $1,191,750. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director William D. Pruitt sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total value of $286,020.00. Following the sale, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $1,191,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward H. Codispoti sold 760 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the completion of the transaction, the chief financial officer now owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The disclosure for this sale can be found here. Insiders have sold 8,123 shares of company stock worth $763,857 over the last ninety days. 12.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $128.00 price target (up previously from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

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.