Comerica Bank Has $1.34 Million Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Comerica Bank decreased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEEGet Rating) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,510 shares of the business services provider’s stock after selling 625 shares during the quarter. Comerica Bank’s holdings in NV5 Global were worth $1,337,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in NV5 Global during the second quarter worth about $38,000. Cutler Group LLC CA raised its stake in NV5 Global by 300.0% during the third quarter. Cutler Group LLC CA now owns 400 shares of the business services provider’s stock worth $49,000 after acquiring an additional 300 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of NV5 Global during the first quarter worth about $73,000. Nisa Investment Advisors LLC bought a new stake in shares of NV5 Global during the second quarter worth about $70,000. Finally, KBC Group NV bought a new stake in shares of NV5 Global during the second quarter worth about $117,000. Institutional investors and hedge funds own 65.33% of the company’s stock.

Insider Activity at NV5 Global

In related news, CEO Dickerson Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $143.32, for a total value of $2,866,400.00. Following the sale, the chief executive officer now directly owns 536,229 shares in the company, valued at $76,852,340.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dickerson Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $143.32, for a total value of $2,866,400.00. Following the sale, the chief executive officer now directly owns 536,229 shares in the company, valued at $76,852,340.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tardan Francois sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $139.86, for a total value of $643,356.00. Following the completion of the transaction, the director now directly owns 4,090 shares in the company, valued at $572,027.40. The disclosure for this sale can be found here. Insiders have sold 31,578 shares of company stock worth $4,491,910 over the last ninety days. Insiders own 13.70% of the company’s stock.

NV5 Global Stock Performance

NASDAQ:NVEE opened at $135.72 on Monday. The stock has a market cap of $2.11 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $139.16 and its 200-day moving average is $135.19. NV5 Global, Inc. has a 1-year low of $97.58 and a 1-year high of $154.97.

NV5 Global (NASDAQ:NVEEGet Rating) last announced its earnings results on Thursday, November 3rd. The business services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.43 by $0.07. NV5 Global had a return on equity of 13.06% and a net margin of 7.31%. The business had revenue of $204.08 million for the quarter, compared to analysts’ expectations of $202.00 million. Equities research analysts anticipate that NV5 Global, Inc. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on NV5 Global in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

NV5 Global Profile

(Get Rating)

NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.

Further Reading

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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