NV5 Global (NASDAQ:NVEE) Shares to Split on Friday, October 11th

NV5 Global, Inc. (NASDAQ:NVEE) shares are scheduled to split before the market opens on Friday, October 11th. The 4-1 split was announced on Wednesday, September 25th. The newly minted shares will be payable to shareholders after the closing bell on Thursday, October 10th.

NV5 Global Trading Down 0.5 %

Shares of NVEE stock opened at $91.52 on Thursday. NV5 Global has a 12-month low of $87.05 and a 12-month high of $115.01. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $94.58 and a 200-day moving average of $94.45. The firm has a market cap of $1.48 billion, a P/E ratio of 36.17, a PEG ratio of 1.25 and a beta of 1.18.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.29 earnings per share. Sell-side analysts anticipate that NV5 Global will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $130.00 price objective (up from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 1,661 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $96.32, for a total value of $159,987.52. Following the sale, the director now directly owns 5,150 shares of the company’s stock, valued at $496,048. 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.

Hedge Funds Weigh In On NV5 Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in shares of NV5 Global by 603.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,059 shares of the business services provider’s stock worth $340,000 after purchasing an additional 2,624 shares in the last quarter. First National Bank of Omaha bought a new position in shares of NV5 Global in the 4th quarter worth $555,000. Spouting Rock Asset Management LLC increased its holdings in shares of NV5 Global by 13.4% in the 4th quarter. Spouting Rock Asset Management LLC now owns 11,176 shares of the business services provider’s stock worth $1,242,000 after buying an additional 1,317 shares during the last quarter. Cim LLC purchased a new stake in shares of NV5 Global during the 4th quarter valued at $206,000. Finally, Vanguard Group Inc. lifted its holdings in shares of NV5 Global by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after acquiring an additional 35,291 shares during the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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.