Teachers Retirement System of The State of Kentucky Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 300.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,296 shares of the business services provider’s stock after purchasing an additional 11,472 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NV5 Global were worth $288,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. boosted its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 2,680 shares during the last quarter. KBC Group NV raised its holdings in shares of NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Natixis raised its holdings in shares of NV5 Global by 295.0% during the fourth quarter. Natixis now owns 4,353 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 3,251 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Price Performance

NASDAQ:NVEE opened at $17.43 on Tuesday. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $1.14 billion, a PE ratio of 35.39, a P/E/G ratio of 2.63 and a beta of 1.07. The stock has a 50 day moving average price of $17.59 and a 200 day moving average price of $19.42.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its board has initiated a stock repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

NVEE has been the subject of a number of research analyst reports. Maxim Group reduced their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report on Friday, February 21st. Roth Mkm increased their target price on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th.

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.