NV5 Global Stock Scheduled to Split on Friday, October 11th (NASDAQ:NVEE)

NV5 Global, Inc. (NASDAQ:NVEE)’s stock is set to split on the morning of Friday, October 11th. The 4-1 split was announced on Wednesday, September 25th. The newly minted shares will be payable to shareholders after the market closes on Thursday, October 10th.

NV5 Global Price Performance

NV5 Global stock opened at $93.31 on Friday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global has a 1 year low of $87.05 and a 1 year high of $115.01. The firm has a 50-day moving average of $95.13 and a two-hundred day moving average of $94.59.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. On average, research analysts forecast that NV5 Global will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $130.00 price objective (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th.

Insider Activity

In other news, Director Tardan Francois sold 1,661 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $96.32, for a total value of $159,987.52. Following the completion of the sale, the director now owns 5,150 shares in the company, valued at approximately $496,048. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of NV5 Global by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after acquiring an additional 8,032 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NV5 Global by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after acquiring an additional 39,350 shares in the last quarter. American Century Companies Inc. raised its stake in shares of NV5 Global by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after acquiring an additional 65,186 shares in the last quarter. Swedbank AB raised its stake in shares of NV5 Global by 37.5% during the 2nd quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of NV5 Global by 10.8% during the 2nd quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after acquiring an additional 18,625 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Company 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.