Rhumbline Advisers Acquires 2,836 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Rhumbline Advisers increased its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,939 shares of the business services provider’s stock after buying an additional 2,836 shares during the period. Rhumbline Advisers owned 0.26% of NV5 Global worth $3,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NVEE. Swedbank AB bought a new stake in NV5 Global during the 1st quarter valued at about $19,602,000. Tributary Capital Management LLC lifted its holdings in shares of NV5 Global by 38.4% during the first quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider’s stock valued at $16,950,000 after purchasing an additional 47,945 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of NV5 Global by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock valued at $105,617,000 after acquiring an additional 35,291 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock valued at $56,872,000 after purchasing an additional 12,437 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of NV5 Global in the 1st quarter worth $1,200,000. Institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NV5 Global Trading Down 0.0 %

Shares of NASDAQ:NVEE opened at $90.79 on Tuesday. The company has a market cap of $1.47 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. NV5 Global, Inc. has a 12-month low of $87.05 and a 12-month high of $115.01. The stock has a 50 day moving average of $96.08 and a 200 day moving average of $95.03. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.31.

NV5 Global (NASDAQ:NVEE) last issued its earnings results 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. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same quarter last year, the company earned $1.29 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that NV5 Global, Inc. will post 5.12 EPS for the current year.

Insider Activity

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the transaction, the director now owns 5,150 shares in the company, valued at $496,048. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.