Axiom Investors LLC DE Reduces Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Axiom Investors LLC DE lowered its position in NV5 Global, Inc. (NASDAQ:NVEE) by 50.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,980 shares of the business services provider’s stock after selling 14,126 shares during the period. Axiom Investors LLC DE owned 0.09% of NV5 Global worth $1,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of NV5 Global by 2.5% in the second quarter. Arizona State Retirement System now owns 3,926 shares of the business services provider’s stock worth $435,000 after buying an additional 94 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in NV5 Global by 1.5% in the 1st quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock worth $1,278,000 after purchasing an additional 141 shares in the last quarter. US Bancorp DE lifted its stake in NV5 Global by 11.4% in the 1st quarter. US Bancorp DE now owns 1,500 shares of the business services provider’s stock worth $156,000 after purchasing an additional 153 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of NV5 Global by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 12,759 shares of the business services provider’s stock worth $1,688,000 after purchasing an additional 159 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of NV5 Global by 8.4% in the second quarter. ProShare Advisors LLC now owns 2,096 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Insider Activity

In related news, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $92.38, for a total transaction of $277,140.00. Following the completion of the sale, the director now directly owns 15,500 shares of the company’s stock, valued at approximately $1,431,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NV5 Global news, VP Richard Tong sold 3,169 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $96.81, for a total value of $306,790.89. Following the sale, the vice president now owns 16,707 shares of the company’s stock, valued at $1,617,404.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the transaction, the director now owns 15,500 shares of the company’s stock, valued at $1,431,890. The disclosure for this sale can be found here. Insiders have sold a total of 6,170 shares of company stock valued at $584,031 in the last quarter. Insiders own 12.40% of the company’s stock.

NV5 Global Trading Up 0.4 %

Shares of NV5 Global stock opened at $99.13 on Tuesday. The stock has a 50 day moving average of $98.47 and a 200 day moving average of $100.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.38 and a beta of 1.21. NV5 Global, Inc. has a fifty-two week low of $89.30 and a fifty-two week high of $151.31.

Analyst Ratings Changes

NVEE has been the topic of a number of analyst reports. Roth Mkm reduced their price objective on NV5 Global from $136.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. William Blair began coverage on NV5 Global in a report on Wednesday, September 13th. They set an “outperform” rating on the stock. Finally, StockNews.com assumed coverage on shares of NV5 Global in a report on Thursday, October 5th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.67.

About NV5 Global

NV5 Global, Inc 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.