NV5 Global Stock Scheduled to Split on Friday, October 11th (NASDAQ:NVEE)

NV5 Global, Inc. (NASDAQ:NVEE) shares are going to split on the morning of Friday, October 11th. The 4-1 split was announced on Wednesday, September 25th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, October 10th.

NV5 Global Trading Up 1.1 %

Shares of NVEE opened at $91.86 on Monday. NV5 Global has a one year low of $87.05 and a one year high of $115.01. The stock has a 50-day moving average price of $94.11 and a 200 day moving average price of $94.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $1.48 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.25 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The firm had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. Sell-side analysts forecast that NV5 Global will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and set a $130.00 price target (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 1,661 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the transaction, the director now owns 5,150 shares of the company’s stock, valued at approximately $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NV5 Global

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of NV5 Global by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 958,509 shares of the business services provider’s stock worth $93,943,000 after buying an additional 8,032 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NV5 Global by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after purchasing an additional 39,350 shares in the last quarter. American Century Companies Inc. grew its position in NV5 Global by 16.6% in the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after buying an additional 65,186 shares during the last quarter. Swedbank AB grew its holdings in shares of NV5 Global by 37.5% in the 2nd quarter. Swedbank AB now owns 275,000 shares of the business services provider’s stock worth $25,567,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of NV5 Global by 10.8% during the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock worth $17,810,000 after purchasing an additional 18,625 shares during the period. Institutional investors own 75.54% of the company’s stock.

About NV5 Global

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.