Natixis Advisors LLC increased its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG – Free Report) by 25.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,528 shares of the company’s stock after purchasing an additional 3,925 shares during the quarter. Natixis Advisors LLC owned 0.06% of Montrose Environmental Group worth $870,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of MEG. Charles Schwab Investment Management Inc. lifted its position in Montrose Environmental Group by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 216,696 shares of the company’s stock valued at $6,962,000 after acquiring an additional 2,649 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Montrose Environmental Group during the fourth quarter worth about $523,000. Stephens Investment Management Group LLC grew its holdings in shares of Montrose Environmental Group by 18.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 625,562 shares of the company’s stock worth $20,099,000 after buying an additional 95,417 shares in the last quarter. Cladis Investment Advisory LLC acquired a new stake in Montrose Environmental Group in the 4th quarter valued at approximately $209,000. Finally, Fisher Asset Management LLC lifted its stake in Montrose Environmental Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,654 shares of the company’s stock valued at $5,162,000 after acquiring an additional 4,828 shares in the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.
Montrose Environmental Group Stock Up 1.6 %
NYSE:MEG opened at $27.48 on Thursday. Montrose Environmental Group, Inc. has a twelve month low of $21.96 and a twelve month high of $49.97. The firm has a market capitalization of $940.64 million, a price-to-earnings ratio of -18.57 and a beta of 1.88. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $32.99 and its two-hundred day moving average price is $39.49.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Montrose Environmental Group in a research note on Thursday, August 8th. Evercore ISI started coverage on shares of Montrose Environmental Group in a research report on Wednesday, August 14th. They issued an “outperform” rating and a $43.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Montrose Environmental Group currently has a consensus rating of “Buy” and an average target price of $45.60.
Get Our Latest Stock Report on MEG
Montrose Environmental Group Company Profile
Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.
Further Reading
- Five stocks we like better than Montrose Environmental Group
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Goldilocks CPI Report Leads Market to Sell Off, Lower Lows Ahead
- What is the Hang Seng index?
- GameStop: Earnings Won’t Save It, Dilution Points to Trouble
- How to Buy Cheap Stocks Step by Step
- Dividend Aristocrats or Dividend Kings: Which Is Best for You?
Receive News & Ratings for Montrose Environmental Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montrose Environmental Group and related companies with MarketBeat.com's FREE daily email newsletter.