Strs Ohio purchased a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,100 shares of the business services provider’s stock, valued at approximately $546,000.
Other institutional investors have also bought and sold shares of the company. Cutler Group LP bought a new stake in NV5 Global during the fourth quarter valued at $34,000. Confluence Wealth Services Inc. bought a new stake in NV5 Global during the fourth quarter valued at $62,000. MUFG Americas Holdings Corp bought a new stake in NV5 Global during the fourth quarter valued at $115,000. Okabena Investment Services Inc. bought a new stake in NV5 Global during the fourth quarter valued at $122,000. Finally, Mutual of America Capital Management LLC bought a new stake in NV5 Global during the fourth quarter valued at $224,000. Institutional investors own 65.97% of the company’s stock.
NV5 Global Price Performance
Shares of NASDAQ NVEE opened at $122.17 on Monday. The firm’s 50-day moving average price is $115.76 and its 200-day moving average price is $118.74. NV5 Global, Inc. has a 1-year low of $91.14 and a 1-year high of $141.48. The firm has a market capitalization of $1.89 billion, a P/E ratio of 36.69, a P/E/G ratio of 1.60 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17.
NV5 Global (NASDAQ:NVEE – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. NV5 Global had a net margin of 6.76% and a return on equity of 12.78%. The firm had revenue of $190.15 million for the quarter, compared to analyst estimates of $184.00 million. Equities research analysts anticipate that NV5 Global, Inc. will post 5.37 earnings per share for the current fiscal year.
Insider Activity
In other news, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $118.33, for a total transaction of $1,183,300.00. Following the transaction, the chief operating officer now owns 88,652 shares in the company, valued at $10,490,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.92% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of NV5 Global in a research report on Thursday, March 31st. They set a “buy” rating on the stock.
About NV5 Global
NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
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