Louisiana State Employees Retirement System Increases Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Louisiana State Employees Retirement System increased its position in NV5 Global, Inc. (NASDAQ:NVEE) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in NV5 Global were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of NV5 Global by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after buying an additional 35,291 shares during the period. Swedbank AB grew its position in 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 during the last quarter. SG Americas Securities LLC increased its stake in NV5 Global by 439.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,539 shares of the business services provider’s stock worth $1,166,000 after purchasing an additional 10,213 shares during the period. Charles Schwab Investment Management Inc. lifted its position in NV5 Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider’s stock valued at $15,255,000 after purchasing an additional 5,147 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of NV5 Global during the first quarter valued at approximately $1,200,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Performance

NV5 Global stock opened at $96.13 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.55 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.35 and a beta of 1.22. NV5 Global, Inc. has a 1-year low of $88.26 and a 1-year high of $115.01. The firm has a 50-day moving average of $96.20 and a 200-day moving average of $96.37.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. NV5 Global’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. Sell-side analysts expect that NV5 Global, Inc. will post 5.04 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at NV5 Global

In other news, VP Richard Tong sold 3,119 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total value of $293,186.00. Following the completion of the sale, the vice president now directly owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Richard Tong sold 3,119 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total value of $293,186.00. Following the completion of the transaction, the vice president now owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward H. Codispoti sold 760 shares of NV5 Global stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value of $69,509.60. Following the sale, the chief financial officer now owns 16,929 shares in the company, valued at $1,548,326.34. The disclosure for this sale can be found here. 12.40% of the stock is currently owned by company insiders.

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.