Aquatic Capital Management LLC Increases Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Aquatic Capital Management LLC grew its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 357.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,253 shares of the business services provider’s stock after purchasing an additional 22,853 shares during the period. Aquatic Capital Management LLC’s holdings in NV5 Global were worth $551,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NVEE. Swiss National Bank increased its stake in NV5 Global by 306.0% during the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock worth $2,172,000 after buying an additional 86,900 shares during the period. QV Investors Inc. grew its stake in shares of NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after acquiring an additional 43,790 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after acquiring an additional 73,944 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of NV5 Global by 292.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 37,384 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after purchasing an additional 2,483 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVEE. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group cut their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.

NV5 Global Stock Down 0.6 %

Shares of NASDAQ NVEE opened at $18.43 on Friday. The business has a 50-day moving average of $17.62 and a two-hundred day moving average of $19.37. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 1 year low of $14.75 and a 1 year high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last announced its quarterly 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 during the quarter, compared to analyst estimates of $243.46 million. On average, analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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

NV5 Global Company 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.