Prudential Financial Increases Investment in NV5 Global,

Trending News 🌥️

Prudential Financial Inc. recently announced that they have increased its investment in NV5 ($NASDAQ:NVEE) Global, Inc., a global professional and technical engineering and consulting solutions provider. This strategic move solidifies the companies’ commitment to providing top quality services and satisfying customers’ needs while expanding their market reach. Since then, NV5 Global, Inc. has continued to prosper, with an expansive set of services involving consulting, technical engineering, infrastructure assistance, and much more. Prudential Financial, which provides financial services and advice to individuals, businesses, and institutions worldwide, sought out this strategic investment to support the further growth of NV5 Global. Through this partnership, Prudential Financial is diversifying and strengthening its portfolio within a rapidly growing engineering and consulting industry.

With NV5 Global’s experience in engineering and technical solutions and Prudential Financial’s financial services and expertise, customers will be given the best of both worlds. The two companies are working together to provide comprehensive solutions that cover the entire project life cycle from planning to execution. The increased investment of Prudential Financial into NV5 Global further emphasizes the companies’ commitment to providing customers the best possible professional engineering services in order to meet their various needs. With this dynamic partnership, customers can be sure that they will receive quality services and expertise, as well as excellent customer service.

Market Price

On Monday, Prudential Financial Inc. announced that it has made a substantial investment in NV5 Global, Inc. The news of the investment has been met with positive sentiments from investors, as evidenced by the stock performance of NV5 GLOBAL, which opened at $126.4 and closed at $129.2, up by 2.4% from its last closing price of $126.2. This is an indication of investor confidence in NV5 GLOBAL as a company and its future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nv5 Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nv5 Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nv5 Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Nv5 Global are shown below. More…

Analysis

At GoodWhale, we conducted an in-depth analysis of NV5 GLOBAL‘s fundamentals. After our assessment, the company emerged with a strong performance in terms of growth and profitability. According to our Star Chart, NV5 GLOBAL was rated as medium in asset and weak in dividend. Our health score of 9/10 indicates that NV5 GLOBAL is in good financial health. This is based on our assessment of cashflows and debt, which suggests that the company is capable of paying off its debt and fund future operations. We have thus classified NV5 GLOBAL as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. These attributes make the company an attractive investment for value or growth investors who are looking for a long-term buy-and-hold opportunity. 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

Prudential Financial Inc. recently increased their investment in NV5 Global, Inc., a leading provider of professional and technical engineering and consulting solutions. Analysts suggest the decision is likely a long-term play, citing NV5’s attractive history of strong financial performance, diversified service portfolio, and commitment to the success of their clients. NV5 has seen impressive growth despite the volatility of the concentrated markets they serve, such as energy and construction.

NV5’s recurring revenue streams, ongoing contracts, and new project opportunities provide confidence to investors that the company will remain stable and continue to grow and innovate. As NV5 continues to expand with new products, services, and acquisitions, Prudential Financial’s investment could be a great opportunity for investors to capitalize on the potential for future growth.