UBS Group AG Reduces Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

UBS Group AG reduced its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE – Get Rating) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,193 shares of the business services provider’s stock after selling 767 shares during the quarter. UBS Group AG’s holdings in NV5 Global were worth $2,005,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in NV5 Global by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock worth $1,278,000 after buying an additional 141 shares in the last quarter. US Bancorp DE raised its position in shares of NV5 Global by 1,730.8% in the 1st quarter. US Bancorp DE now owns 1,904 shares of the business services provider’s stock worth $254,000 after acquiring an additional 1,800 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of NV5 Global in the 1st quarter valued at approximately $280,000. Citigroup Inc. boosted its position in shares of NV5 Global by 5.5% during the first quarter. Citigroup Inc. now owns 10,714 shares of the business services provider’s stock valued at $1,429,000 after purchasing an additional 554 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in NV5 Global by 51.5% in the first quarter. MetLife Investment Management LLC now owns 7,024 shares of the business services provider’s stock worth $936,000 after purchasing an additional 2,388 shares during the period. 65.33% of the stock is currently owned by institutional investors.

Insider Transactions at NV5 Global

In other NV5 Global news, CEO Dickerson Wright sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $128.25, for a total transaction of $1,282,500.00. Following the completion of the sale, the chief executive officer now directly owns 476,229 shares in the company, valued at approximately $61,076,369.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Dickerson Wright sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $128.25, for a total value of $1,282,500.00. Following the transaction, the chief executive officer now directly owns 476,229 shares of the company’s stock, valued at approximately $61,076,369.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Alexander A. Hockman sold 6,978 shares of NV5 Global stock in a transaction on Monday, December 12th. The stock was sold at an average price of $140.75, for a total value of $982,153.50. Following the completion of the sale, the chief operating officer now directly owns 71,696 shares of the company’s stock, valued at approximately $10,091,212. The disclosure for this sale can be found here. Insiders sold a total of 26,978 shares of company stock valued at $3,586,954 in the last quarter. 13.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVEE. Robert W. Baird lowered their price objective on NV5 Global from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, February 24th. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Friday, February 24th.

NV5 Global Trading Up 0.9 %

NV5 Global stock opened at $104.98 on Wednesday. NV5 Global, Inc. has a 12 month low of $95.51 and a 12 month high of $154.97. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The business’s fifty day simple moving average is $128.02 and its two-hundred day simple moving average is $134.28. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.06.

About NV5 Global

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NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.