First Horizon Advisors Inc. Grows Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

First Horizon Advisors Inc. increased its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 314.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,303 shares of the business services provider’s stock after buying an additional 9,338 shares during the quarter. First Horizon Advisors Inc.’s holdings in NV5 Global were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 1,864 shares during the period. KBC Group NV raised its position in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,550 shares during the period. Cetera Trust Company N.A raised its position in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after purchasing an additional 3,570 shares during the period. Liberty One Investment Management LLC lifted its stake in NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after purchasing an additional 5,157 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of NV5 Global by 260.7% during the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the business services provider’s stock valued at $190,000 after buying an additional 7,300 shares during the period. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Trading Up 1.9 %

NVEE opened at $18.47 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $18.42 and its two-hundred day moving average is $21.22. The company has a market capitalization of $1.20 billion, a P/E ratio of 37.50, a PEG ratio of 2.63 and a beta of 1.23. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.16.

NV5 Global (NASDAQ:NVEE) last announced 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 net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. Analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Maxim Group reduced their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Roth Mkm boosted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Robert W. Baird reduced their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.67.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.40% of the company’s stock.

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.