Wellington Management Group LLP Trims Position in NV5 Global, Inc. (NASDAQ:NVEE)

Wellington Management Group LLP decreased its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,109 shares of the business services provider’s stock after selling 9,500 shares during the quarter. Wellington Management Group LLP owned about 0.20% of NV5 Global worth $2,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of NV5 Global by 329.2% in the 3rd quarter. Morgan Stanley now owns 493,301 shares of the business services provider’s stock worth $47,471,000 after purchasing an additional 378,353 shares during the period. American Century Companies Inc. lifted its holdings in NV5 Global by 86.2% in the third quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock worth $32,685,000 after buying an additional 157,256 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in NV5 Global during the 3rd quarter valued at approximately $17,043,000. Kennedy Capital Management LLC grew its holdings in shares of NV5 Global by 54.8% during the 2nd quarter. Kennedy Capital Management LLC now owns 156,730 shares of the business services provider’s stock worth $17,361,000 after acquiring an additional 55,506 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of NV5 Global in the 1st quarter worth approximately $6,962,000. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Performance

NV5 Global stock opened at $98.00 on Thursday. NV5 Global, Inc. has a twelve month low of $89.30 and a twelve month high of $119.56. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.56 billion, a P/E ratio of 33.91, a PEG ratio of 1.21 and a beta of 1.09. The stock’s 50 day moving average is $103.98 and its 200 day moving average is $102.27.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The firm had revenue of $215.50 million during the quarter, compared to the consensus estimate of $216.00 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities research analysts predict that NV5 Global, Inc. will post 5.02 earnings per share for the current fiscal year.

Insider Activity at NV5 Global

In related news, VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the transaction, the vice president now directly owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Donald C. Alford sold 2,459 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald C. Alford sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares in the company, valued at $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NVEE shares. TheStreet cut NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, NV5 Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

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.