New York Life Investment Management LLC Sells 540 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

New York Life Investment Management LLC decreased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEEFree Report) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,424 shares of the business services provider’s stock after selling 540 shares during the period. New York Life Investment Management LLC’s holdings in NV5 Global were worth $329,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVEE. Dimensional Fund Advisors LP grew its position in NV5 Global by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 493,982 shares of the business services provider’s stock valued at $54,719,000 after purchasing an additional 19,825 shares in the last quarter. Portside Wealth Group LLC bought a new position in NV5 Global in the second quarter valued at $667,000. Citigroup Inc. grew its position in NV5 Global by 62.7% in the second quarter. Citigroup Inc. now owns 10,308 shares of the business services provider’s stock valued at $1,142,000 after purchasing an additional 3,974 shares in the last quarter. Emerald Advisers LLC grew its position in NV5 Global by 10.5% in the third quarter. Emerald Advisers LLC now owns 299,994 shares of the business services provider’s stock valued at $28,868,000 after purchasing an additional 28,439 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in NV5 Global in the second quarter valued at $1,200,000. Institutional investors own 71.93% of the company’s stock.

NV5 Global Stock Performance

Shares of NVEE stock opened at $112.68 on Tuesday. The stock has a market cap of $1.79 billion, a P/E ratio of 40.68, a P/E/G ratio of 1.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.81. The company has a fifty day moving average price of $107.13 and a two-hundred day moving average price of $102.36. NV5 Global, Inc. has a one year low of $89.30 and a one year high of $130.47.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVEE. Roth Mkm decreased their target price on shares of NV5 Global from $136.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

Read Our Latest Analysis on NV5 Global

Insider Buying and Selling at NV5 Global

In other news, VP Maryjo O’brien sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the sale, the vice president now owns 62,705 shares in the company, valued at approximately $7,211,075. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.40% of the company’s stock.

About NV5 Global

(Free Report)

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

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