King Luther Capital Management Corp Increases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

King Luther Capital Management Corp grew its position in NV5 Global, Inc. (NASDAQ:NVEE) by 302.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,475 shares of the business services provider’s stock after acquiring an additional 113,065 shares during the period. King Luther Capital Management Corp owned about 0.23% of NV5 Global worth $2,835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after buying an additional 2,680 shares during the period. KBC Group NV boosted its stake in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,550 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock worth $106,000 after acquiring an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A raised its position in NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after acquiring an additional 3,570 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group lowered their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Roth Mkm increased their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the 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 sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.40% of the company’s stock.

NV5 Global Trading Down 2.0 %

Shares of NVEE stock opened at $17.41 on Thursday. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. 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 business has a fifty day simple moving average of $18.19 and a 200-day simple moving average of $20.79. The stock has a market cap of $1.14 billion, a P/E ratio of 35.35, a P/E/G ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share 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 business had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. On average, analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its board has approved a share repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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.