NYS Teachers Retirement System Boosts Stake in NV5 Global, by 7.9%
April 22, 2023
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The New York State Teachers Retirement System recently increased its stake in NV5 ($NASDAQ:NVEE) Global, Inc. by 7.9% during the fourth quarter. NV5 Global, Inc. is a professional and technical engineering and consulting services provider. The company’s services are used in many areas including infrastructure, energy, construction, and program management. NV5 provides innovative, technical solutions for their clients in both the public and private sectors. Their wide range of services is designed to help clients remain competitive in their respective industries.
The NYS Teachers Retirement System’s decision to invest in NV5 Global, Inc. further emphasizes the company’s commitment to providing reliable services at a competitive rate. As NV5 Global, Inc. continues to grow and expand its services, it is likely that their relationship with the New York State Teachers Retirement System will become even stronger.
Stock Price
This action follows the company’s opening and closing stock prices for the day. NV5 Global opened at $97.1 and closed at $95.4, down 1.4% from its prior closing price of 96.7. NV5 Global’s stock prices have been on a downward trend in recent weeks, adding to the importance of NYS Teachers Retirement System’s decision to increase its stake in the company. The increased stake is expected to provide stability and support for NV5 Global as it continues to develop its portfolio of services and products. 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 |
| 786.78 | 49.97 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nv5 Global. More…
| Operations | Investing | Financing |
| 93.98 | -21.51 | -81.91 |
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 |
| 935.72 | 241.48 | 44.72 |
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 |
| 15.6% | 28.5% | 8.4% |
| FCF Margin | ROE | ROA |
| 10.0% | 6.0% | 4.4% |
Analysis
At GoodWhale, we conducted an analysis of NV5 GLOBAL‘s fundamentals and the results were impressive. According to the Star Chart, NV5 GLOBAL has a high health score of 10/10, suggesting that it is capable of sustaining future operations even in times of crisis due to its solid cashflows and debt. In terms of performance, NV5 GLOBAL is strong in growth, profitability, and medium in assets, but weak in dividend. We also classified NV5 GLOBAL as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these impressive fundamentals, we anticipate that investors with a long-term outlook, such as value investors and growth investors, may be particularly interested in this company. Additionally, those who are looking for a reliable and stable dividend income may not be particularly interested in investing in NV5 GLOBAL. 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. has seen an increase in investment from the New York State Teachers Retirement System in the fourth quarter. This is a positive indication of the potential growth and stability of the company, as it highlights confidence in the corporation. Analysts suggest that it may be a good time to invest in NV5 Global, Inc. due to their positive market performance.
Investors may want to consider their current financial standing, future outlook, and management strategy when making an investment decision. Furthermore, it is important to research the company and its competitors before investing to ensure that the stock is a sound choice.
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