Bank of New York Mellon Corp increased its position in NV5 Holdings Inc. (NASDAQ:NVEE) by 69.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,252 shares of the company’s stock after buying an additional 11,127 shares during the period. Bank of New York Mellon Corp owned approximately 0.33% of NV5 Holdings worth $775,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of NVEE. ClariVest Asset Management LLC raised its position in shares of NV5 Holdings by 161.3% in the second quarter. ClariVest Asset Management LLC now owns 23,254 shares of the company’s stock worth $661,000 after buying an additional 14,354 shares during the last quarter. Northpointe Capital LLC bought a new position in shares of NV5 Holdings during the second quarter worth approximately $2,554,000. Friess Associates LLC bought a new position in shares of NV5 Holdings during the first quarter worth approximately $676,000. Geode Capital Management LLC raised its position in shares of NV5 Holdings by 1.1% in the first quarter. Geode Capital Management LLC now owns 28,913 shares of the company’s stock worth $775,000 after buying an additional 326 shares during the last quarter. Finally, State Street Corp raised its position in shares of NV5 Holdings by 25.3% in the first quarter. State Street Corp now owns 57,038 shares of the company’s stock worth $1,529,000 after buying an additional 11,505 shares during the last quarter. 45.00% of the stock is currently owned by hedge funds and other institutional investors.
NV5 Holdings Inc. (NASDAQ:NVEE) traded down 1.42% during trading on Wednesday, hitting $30.62. 6,178 shares of the company traded hands. The company’s 50 day moving average is $31.10 and its 200-day moving average is $29.48. NV5 Holdings Inc. has a 52 week low of $15.00 and a 52 week high of $37.00. The stock has a market capitalization of $269.24 million, a PE ratio of 24.02 and a beta of 1.41.
NV5 Holdings (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $57.10 million for the quarter, compared to the consensus estimate of $58.90 million. NV5 Holdings had a net margin of 5.52% and a return on equity of 13.13%. Analysts predict that NV5 Holdings Inc. will post $1.66 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of NV5 Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 9th. Seaport Global Securities reissued an “accumulate” rating on shares of NV5 Holdings in a report on Thursday, August 4th. Finally, Singular Research assumed coverage on shares of NV5 Holdings in a report on Friday, July 22nd. They issued a “buy” rating and a $39.00 price target on the stock.
In related news, VP Richard Tong sold 3,566 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $34.08, for a total value of $121,529.28. Following the transaction, the vice president now owns 40,219 shares of the company’s stock, valued at $1,370,663.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.22, for a total transaction of $36,840.12. Following the completion of the transaction, the chief financial officer now directly owns 29,486 shares in the company, valued at approximately $1,038,496.92. The disclosure for this sale can be found here. 32.90% of the stock is currently owned by corporate insiders.
About NV5 Holdings
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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