Dimensional Fund Advisors LP Boosts Position in NV5 Global, Inc. (NVEE)

Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,217 shares of the business services provider’s stock after acquiring an additional 72,288 shares during the quarter. Dimensional Fund Advisors LP owned about 3.45% of NV5 Global worth $14,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Wells Fargo & Company MN raised its holdings in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 126 shares during the period. Parametric Portfolio Associates LLC raised its holdings in NV5 Global by 1.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 232 shares during the period. American International Group Inc. raised its holdings in NV5 Global by 7.1% during the 1st quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 301 shares during the period. Nationwide Fund Advisors raised its holdings in NV5 Global by 12.5% during the 2nd quarter. Nationwide Fund Advisors now owns 5,851 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 652 shares during the period. Finally, Teachers Advisors LLC raised its holdings in NV5 Global by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 13,727 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 861 shares during the period. 56.61% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on NVEE shares. BidaskClub cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Friday, September 8th. ValuEngine raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Seaport Global Securities reissued a “buy” rating and set a $61.00 target price (up previously from $42.00) on shares of NV5 Global in a report on Wednesday, October 11th. Finally, Roth Capital boosted their target price on shares of NV5 Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. NV5 Global currently has a consensus rating of “Buy” and an average price target of $58.00.

NV5 Global, Inc. (NASDAQ NVEE) opened at $51.75 on Monday. The firm has a market cap of $558.15, a price-to-earnings ratio of 24.18, a PEG ratio of 1.11 and a beta of 1.44. NV5 Global, Inc. has a 1-year low of $32.35 and a 1-year high of $58.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $103.15 million. NV5 Global had a net margin of 5.23% and a return on equity of 14.75%. research analysts expect that NV5 Global, Inc. will post 2.34 EPS for the current year.

NV5 Global Company Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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

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