CIBC Private Wealth Group LLC Takes $2.05 Million Position in NV5 Global Inc (NVEE)

CIBC Private Wealth Group LLC bought a new position in shares of NV5 Global Inc (NASDAQ:NVEE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,562 shares of the business services provider’s stock, valued at approximately $2,049,000. CIBC Private Wealth Group LLC owned about 0.27% of NV5 Global at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN increased its holdings in NV5 Global by 38.8% during the fourth quarter. Wells Fargo & Company MN now owns 11,754 shares of the business services provider’s stock valued at $636,000 after buying an additional 3,287 shares during the period. Deutsche Bank AG increased its holdings in NV5 Global by 160.0% during the fourth quarter. Deutsche Bank AG now owns 18,566 shares of the business services provider’s stock valued at $1,003,000 after buying an additional 11,425 shares during the period. Millennium Management LLC purchased a new position in NV5 Global during the fourth quarter valued at approximately $852,000. MetLife Investment Advisors LLC purchased a new position in NV5 Global during the fourth quarter valued at approximately $215,000. Finally, Alps Advisors Inc. purchased a new position in NV5 Global during the first quarter valued at approximately $490,000. Hedge funds and other institutional investors own 59.72% of the company’s stock.

In other news, COO Alexander A. Hockman sold 10,000 shares of NV5 Global stock in a transaction on Monday, June 18th. The shares were sold at an average price of $68.98, for a total transaction of $689,800.00. Following the completion of the sale, the chief operating officer now directly owns 261,767 shares in the company, valued at $18,056,687.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael P. Rama sold 2,049 shares of NV5 Global stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $60.39, for a total transaction of $123,739.11. Following the sale, the chief financial officer now owns 30,749 shares of the company’s stock, valued at $1,856,932.11. The disclosure for this sale can be found here. Insiders have sold 23,449 shares of company stock valued at $1,588,479 over the last quarter. Insiders own 25.07% of the company’s stock.



NASDAQ NVEE opened at $85.20 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.48 and a current ratio of 2.48. NV5 Global Inc has a 12-month low of $40.01 and a 12-month high of $91.55. The firm has a market capitalization of $942.08 million, a price-to-earnings ratio of 35.80, a PEG ratio of 1.35 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.10. NV5 Global had a net margin of 7.64% and a return on equity of 17.69%. The business had revenue of $104.02 million for the quarter, compared to analyst estimates of $101.45 million. sell-side analysts anticipate that NV5 Global Inc will post 3.14 EPS for the current year.

NVEE has been the topic of several research reports. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Thursday, August 9th. Roth Capital lifted their price target on shares of NV5 Global from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, May 4th. Lake Street Capital reaffirmed a “buy” rating and issued a $76.00 price target on shares of NV5 Global in a report on Friday, May 4th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Sidoti raised shares of NV5 Global from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $83.00 in a report on Friday, June 15th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.60.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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