NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 315.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 70,918 shares of the business services provider’s stock after acquiring an additional 53,865 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in NV5 Global were worth $1,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its holdings in NV5 Global by 306.0% in the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock valued at $2,172,000 after purchasing an additional 86,900 shares during the last quarter. QV Investors Inc. boosted its holdings in NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 43,790 shares during the last quarter. Nordea Investment Management AB boosted its holdings in NV5 Global by 313.3% in the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock valued at $1,853,000 after purchasing an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in NV5 Global by 292.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock valued at $945,000 after purchasing an additional 37,384 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after purchasing an additional 2,483 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVEE. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Roth Mkm upped their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

NV5 Global Stock Performance

Shares of NVEE stock opened at $17.43 on Tuesday. The firm has a market cap of $1.14 billion, a P/E ratio of 35.39, a P/E/G ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s 50 day moving average price is $17.59 and its 200-day moving average price is $19.42.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its board has initiated a share buyback program on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.