Montrose Environmental Group, Inc. (NYSE:MEG) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its holdings in Montrose Environmental Group, Inc. (NYSE:MEG) by 40.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,302 shares of the company’s stock after buying an additional 3,231 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Montrose Environmental Group were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wrapmanager Inc. boosted its stake in Montrose Environmental Group by 12.8% in the fourth quarter. Wrapmanager Inc. now owns 10,105 shares of the company’s stock valued at $187,000 after acquiring an additional 1,150 shares during the period. KBC Group NV boosted its position in Montrose Environmental Group by 126.5% during the 4th quarter. KBC Group NV now owns 2,888 shares of the company’s stock valued at $54,000 after purchasing an additional 1,613 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Montrose Environmental Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,529 shares of the company’s stock worth $4,926,000 after buying an additional 1,831 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Montrose Environmental Group by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,365 shares of the company’s stock worth $118,000 after buying an additional 1,898 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in Montrose Environmental Group by 5.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 73,890 shares of the company’s stock valued at $1,371,000 after buying an additional 4,000 shares during the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on MEG shares. Stifel Nicolaus lowered their price target on shares of Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Needham & Company LLC dropped their price target on shares of Montrose Environmental Group from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday. 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 report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.40.

Montrose Environmental Group Trading Down 2.8 %

Montrose Environmental Group stock opened at $11.86 on Friday. Montrose Environmental Group, Inc. has a 12-month low of $11.39 and a 12-month high of $49.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $410.94 million, a PE ratio of -7.96 and a beta of 1.81. The firm has a 50 day simple moving average of $17.75 and a 200-day simple moving average of $20.42.

About Montrose Environmental Group

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.