Woodstock Corp Increases Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Woodstock Corp increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 291.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,100 shares of the business services provider’s stock after buying an additional 87,208 shares during the period. Woodstock Corp owned about 0.18% of NV5 Global worth $2,206,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after acquiring an additional 632 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of NV5 Global during the 3rd quarter worth approximately $211,000. Handelsbanken Fonder AB lifted its stake in NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after buying an additional 500 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in NV5 Global in the 2nd quarter valued at approximately $307,000. Finally, Commonwealth Equity Services LLC grew its holdings in NV5 Global by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after buying an additional 167 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NVEE shares. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Robert W. Baird reduced their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is currently owned by company insiders.

NV5 Global Stock Up 5.0 %

NVEE stock opened at $19.00 on Friday. NV5 Global, Inc. has a one year low of $17.92 and a one year high of $28.29. The stock has a market capitalization of $1.24 billion, a P/E ratio of 33.78, a PEG ratio of 2.84 and a beta of 1.22. The company has a 50 day moving average price of $20.49 and a two-hundred day moving average price of $22.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global declared that its board has approved a share repurchase program on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.