HighTower Advisors LLC Makes Significant Investment in NV5 Global, in Fourth Quarter
June 18, 2023
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NV5 ($NASDAQ:NVEE) Global, Inc. is a professional and technical engineering and consulting solutions provider with offices throughout the United States and around the world. The company provides a wide range of services, including environmental, geotechnical, construction management, and energy services. NV5 Global, Inc. is publicly traded on the Nasdaq Stock Market under the ticker symbol NVEE. HighTower Advisors LLC reported in its recent filing that it had acquired a stake in NV5 Global, Inc. during the fourth quarter. HighTower Advisors LLC is a Chicago-based wealth management firm that provides investment advice to individuals and business clients.
The company works with clients to develop customized investment plans that meet their specific needs and goals. This strategic investment will allow HighTower Advisors LLC to further diversify its portfolio and gain exposure to the growth potential of NV5 Global, Inc. This strategic move by HighTower Advisors LLC demonstrates their confidence in NV5 Global, Inc. and represents a positive outlook for the company going forward. With this injection of capital from HighTower Advisors LLC, NV5 Global, Inc. is well positioned to expand its operations and continue to provide high quality services to its customer base.
Share Price
NV5 Global stock opened at $99.6 and closed at $99.0, a decrease of 0.5% from the prior closing price of 99.5. The investment from HighTower Advisors is part of a larger effort to expand NV5 GLOBAL‘s services and reach more customers. With this investment, NV5 GLOBAL is poised to expand its presence in the global market and become a leader in providing innovative engineering, design, and consulting services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nv5 Global. More…
| Total Revenues | Net Income | Net Margin |
| 780.94 | 47.28 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nv5 Global. More…
| Operations | Investing | Financing |
| 58.75 | -138.84 | 29.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nv5 Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.09k | 370 | 45.83 |
Key Ratios Snapshot
Some of the financial key ratios for Nv5 Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.9% | 23.6% | 8.0% |
| FCF Margin | ROE | ROA |
| 5.5% | 5.5% | 3.6% |
Analysis
At GoodWhale, we recently conducted an analysis of NV5 GLOBAL‘s fundamentals and our Risk Rating system has deemed it a medium risk investment in terms of financial and business aspects. Our Risk Rating system takes into account factors such as balance sheet, income statement, cash flow, profitability, market capitalization, and sentiment. Our analysis also detects any risk warnings that may be present in the financials of the company. In this case, we have detected one risk warning in the balance sheet of NV5 GLOBAL. To get more details on this risk warning, become a registered user and explore it further. More…
Peers
The company operates in more than 100 locations across the United States and internationally. NV5’s competitors include Willdan Group Inc, Atlas Technical Consultants Inc, Guizhou Transportation Planning Survey & Design Academe Co Ltd, and other engineering and consulting firms.
– Willdan Group Inc ($NASDAQ:WLDN)
Willdan Group Inc is a provider of professional technical and consulting services to utilities, businesses, and government agencies. The company has a market cap of 172.27M as of 2022 and a Return on Equity of -2.66%. Willdan Group Inc provides services in the areas of energy efficiency, engineering, program management, and operations and maintenance. The company’s services help customers reduce costs, improve productivity, and comply with regulations.
– Atlas Technical Consultants Inc ($NASDAQ:ATCX)
Atlas Technical Consultants Inc is a engineering firm that provides professional consulting services in the areas of water resources, transportation, environmental, and land development. The company has a market cap of 273.22M as of 2022 and a ROE of -16.48%.
– Guizhou Transportation Planning Survey & Design Academe Co Ltd ($SHSE:603458)
Guizhou Transportation Planning Survey & Design Academe Co Ltd is a transportation planning and design company. It is headquartered in Guiyang, Guizhou Province, China. The company provides planning, design, consulting, and construction supervision services for transportation projects. It also offers training services.
Summary
NV5 Global, Inc. is an engineering and professional services company providing consulting, design, compliance, and testing services to public and private sector clients. The company has experienced strong performance in the past year, with its stock trading at a premium over its peers. Investors in NV5 Global are likely to be attracted to the company’s diverse portfolio of services and its expertise in numerous markets, including construction, infrastructure, energy, and government.
Additionally, the company has a strong balance sheet and a healthy cash flow position. With a strong competitive position and expanding customer base, NV5 Global is well positioned to continue progressing in the long term.
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