KBC Group NV Grows Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

KBC Group NV lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 527.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,223 shares of the business services provider’s stock after purchasing an additional 3,550 shares during the quarter. KBC Group NV’s holdings in NV5 Global were worth $80,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NVEE. Blue Trust Inc. raised its stake in shares of NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after purchasing an additional 632 shares during the last quarter. Cetera Trust Company N.A raised its stake in shares of 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 purchasing an additional 3,570 shares during the last quarter. Liberty One Investment Management LLC raised its stake in shares of NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after purchasing an additional 5,157 shares during the last quarter. Heritage Family Offices LLP purchased a new position in shares of NV5 Global in the fourth quarter worth about $196,000. Finally, Net Worth Advisory Group acquired a new stake in NV5 Global during the third quarter worth about $211,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Stock Down 1.8 %

Shares of NVEE opened at $17.73 on Monday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12 month low of $17.69 and a 12 month high of $28.29. The stock’s 50 day moving average is $19.15 and its two-hundred day moving average is $21.86. The firm has a market cap of $1.15 billion, a P/E ratio of 31.52, a PEG ratio of 2.73 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The business had revenue of $250.89 million during the quarter, compared to analyst estimates of $250.50 million. During the same period in the previous year, the business posted $0.38 earnings per share. Analysts predict that NV5 Global, Inc. will post 1.19 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has initiated a share buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently commented on NVEE. Robert W. Baird dropped their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.40% of the stock is owned by corporate insiders.

About NV5 Global

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.