NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by Pitcairn Co.

Pitcairn Co. increased its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 19.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the business services provider’s stock after purchasing an additional 531 shares during the period. Pitcairn Co.’s holdings in NV5 Global were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NVEE. Vanguard Group Inc. lifted its holdings in shares of NV5 Global by 0.8% during the first quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after purchasing an additional 8,032 shares during the period. Dimensional Fund Advisors LP lifted its stake in NV5 Global by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock valued at $56,872,000 after acquiring an additional 12,437 shares during the period. Tributary Capital Management LLC boosted its holdings in shares of NV5 Global by 38.4% in the 1st quarter. Tributary Capital Management LLC now owns 172,941 shares of the business services provider’s stock valued at $16,950,000 after acquiring an additional 47,945 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NV5 Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider’s stock worth $15,255,000 after acquiring an additional 5,147 shares during the period. Finally, Summit Creek Advisors LLC lifted its position in NV5 Global by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 134,225 shares of the business services provider’s stock valued at $13,155,000 after purchasing an additional 935 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

Insider Transactions at NV5 Global

In related news, CEO Benjamin Heraud sold 1,222 shares of NV5 Global stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $92.53, for a total value of $113,071.66. Following the sale, the chief executive officer now directly owns 18,455 shares in the company, valued at approximately $1,707,641.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other NV5 Global news, CEO Benjamin Heraud sold 1,222 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $92.53, for a total value of $113,071.66. Following the transaction, the chief executive officer now owns 18,455 shares in the company, valued at approximately $1,707,641.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Tong sold 3,119 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total transaction of $293,186.00. Following the sale, the vice president now directly owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The disclosure for this sale can be found here. Insiders sold 8,123 shares of company stock valued at $763,857 over the last 90 days. Corporate insiders own 12.40% of the company’s stock.

NV5 Global Price Performance

Shares of NV5 Global stock traded up $1.94 during trading hours on Thursday, reaching $102.75. The stock had a trading volume of 72,319 shares, compared to its average volume of 76,757. The stock’s 50 day moving average is $93.87 and its 200 day moving average is $98.04. 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 twelve month low of $88.26 and a twelve month high of $115.01. The firm has a market capitalization of $1.66 billion, a PE ratio of 40.60, a PEG ratio of 1.38 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.19). The business had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $208.42 million. NV5 Global had a return on equity of 9.31% and a net margin of 4.39%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. Equities analysts expect that NV5 Global, Inc. will post 5.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set a $128.00 price target (up from $121.00) on shares of NV5 Global in a research report on Thursday, May 9th.

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.