Charles Schwab Investment Management Inc. Has $4.93 Million Stake in Montrose Environmental Group, Inc. (NYSE:MEG)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 265,529 shares of the company’s stock after purchasing an additional 1,831 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Montrose Environmental Group were worth $4,926,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. KBC Group NV boosted its holdings in shares of Montrose Environmental Group by 126.5% during the 4th quarter. KBC Group NV now owns 2,888 shares of the company’s stock worth $54,000 after buying an additional 1,613 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of Montrose Environmental Group during the 4th quarter valued at $105,000. Point72 DIFC Ltd acquired a new position in shares of Montrose Environmental Group during the 3rd quarter valued at $111,000. Wrapmanager Inc. boosted its stake in Montrose Environmental Group by 12.8% during the fourth quarter. Wrapmanager Inc. now owns 10,105 shares of the company’s stock worth $187,000 after acquiring an additional 1,150 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Montrose Environmental Group in the third quarter worth $212,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $39.00 price objective on shares of Montrose Environmental Group in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their price target on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Evercore ISI reduced their price objective on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Montrose Environmental Group has an average rating of “Moderate Buy” and an average price target of $33.60.

Montrose Environmental Group Trading Down 0.3 %

NYSE:MEG opened at $15.35 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. Montrose Environmental Group, Inc. has a one year low of $14.28 and a one year high of $49.97. The company has a market cap of $527.12 million, a PE ratio of -10.30 and a beta of 1.72. The firm has a 50-day moving average of $19.22 and a 200-day moving average of $21.11.

Montrose Environmental Group 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.