QV Investors Inc. Boosts Position in NV5 Global, Inc. (NASDAQ:NVEE)

QV Investors Inc. lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 914.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,580 shares of the business services provider’s stock after buying an additional 43,790 shares during the quarter. QV Investors Inc. owned approximately 0.07% of NV5 Global worth $915,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock valued at $1,853,000 after acquiring an additional 73,944 shares during the last quarter. Barclays PLC grew its stake in NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider’s stock worth $2,235,000 after buying an additional 18,623 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NV5 Global by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock worth $30,577,000 after buying an additional 5,035 shares during the last quarter. American Century Companies Inc. raised its position in shares of NV5 Global by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after buying an additional 65,186 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of NV5 Global by 3.2% during the 2nd quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock valued at $349,000 after buying an additional 115 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Robert W. Baird reduced their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

NV5 Global Trading Down 2.2 %

Shares of NVEE stock traded down $0.42 on Monday, hitting $18.45. 255,583 shares of the company’s stock traded hands, compared to its average volume of 449,707. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 3.21 and a beta of 1.22. The company’s fifty day simple moving average is $20.86 and its 200 day simple moving average is $22.60. NV5 Global, Inc. has a one year low of $18.36 and a one year high of $28.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global announced that its Board of Directors has initiated a share repurchase program 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 buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.