Donald C. Alford Sells 2,459 Shares of NV5 Global, Inc. (NASDAQ:NVEE) Stock

NV5 Global, Inc. (NASDAQ:NVEEGet Free Report) VP Donald C. Alford sold 2,459 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total transaction 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 filing with the SEC, which is available through this hyperlink.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $97.19 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.09. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. NV5 Global, Inc. has a fifty-two week low of $89.30 and a fifty-two week high of $119.56. The business has a 50 day moving average price of $104.85 and a two-hundred day moving average price of $102.34.

NV5 Global (NASDAQ:NVEEGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $216.00 million. During the same period in the prior year, the company posted $1.21 earnings per share. Sell-side analysts expect that NV5 Global, Inc. will post 5.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NV5 Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of NV5 Global by 1.6% during the second quarter. BlackRock Inc. now owns 2,132,596 shares of the business services provider’s stock valued at $236,228,000 after purchasing an additional 32,931 shares during the last quarter. Vanguard Group Inc. increased its position in NV5 Global by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after buying an additional 35,291 shares during the period. Dimensional Fund Advisors LP lifted its stake in NV5 Global by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock valued at $56,872,000 after buying an additional 12,437 shares during the last quarter. Morgan Stanley boosted its holdings in shares of NV5 Global by 329.2% during the third quarter. Morgan Stanley now owns 493,301 shares of the business services provider’s stock valued at $47,471,000 after acquiring an additional 378,353 shares during the period. Finally, State Street Corp grew its position in shares of NV5 Global by 2.3% during the second quarter. State Street Corp now owns 457,941 shares of the business services provider’s stock worth $50,726,000 after acquiring an additional 10,090 shares during the last quarter. Institutional investors and hedge funds own 71.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TheStreet lowered NV5 Global from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

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About NV5 Global

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NV5 Global, Inc offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

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