CANADA LIFE ASSURANCE Co Boosts Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

CANADA LIFE ASSURANCE Co boosted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 315.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,918 shares of the business services provider’s stock after purchasing an additional 53,865 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of NV5 Global worth $1,335,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after buying an additional 1,461 shares during the period. Blue Trust Inc. increased its holdings in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. increased its holdings in NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the period. KBC Group NV increased its holdings in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after buying an additional 3,550 shares during the period. Finally, Essex Investment Management Co. LLC increased its holdings in NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock worth $106,000 after buying an additional 4,200 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Trading Up 8.5 %

Shares of NASDAQ:NVEE opened at $17.43 on Tuesday. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business’s 50 day moving average price is $17.59 and its 200-day moving average price is $19.42.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. On average, equities research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a share repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVEE has been the topic of several recent research reports. Roth Mkm upped their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Maxim Group lowered their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

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.