NV5 Global (NASDAQ:NVEE – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “

Separately, StockNews.com began coverage on NV5 Global in a report on Thursday, March 31st. They issued a “buy” rating for the company.

Shares of NVEE stock opened at $124.16 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $1.92 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04. The stock has a fifty day moving average of $122.54 and a two-hundred day moving average of $121.26. NV5 Global has a 1 year low of $86.44 and a 1 year high of $141.48.

In other news, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $110.91, for a total value of $1,109,100.00. Following the completion of the sale, the chief operating officer now owns 98,652 shares in the company, valued at $10,941,493.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 15.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cutler Group LP purchased a new stake in shares of NV5 Global during the fourth quarter valued at $34,000. Confluence Wealth Services Inc. purchased a new stake in shares of NV5 Global during the fourth quarter valued at $62,000. Lazard Asset Management LLC purchased a new stake in shares of NV5 Global during the first quarter valued at $73,000. MUFG Americas Holdings Corp purchased a new stake in shares of NV5 Global during the fourth quarter valued at $115,000. Finally, Okabena Investment Services Inc. purchased a new stake in shares of NV5 Global during the fourth quarter valued at $122,000. 65.97% of the stock is owned by institutional investors and hedge funds.

About NV5 Global (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.

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