Montrose Environmental Group, Inc. $MEG Stock Holdings Raised by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. grew its stake in Montrose Environmental Group, Inc. (NYSE:MEG) by 46.2% during the second quarter, HoldingsChannel.com reports. The firm owned 162,982 shares of the company’s stock after purchasing an additional 51,476 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Montrose Environmental Group were worth $3,568,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MEG. Royce & Associates LP grew its position in shares of Montrose Environmental Group by 167.5% in the 1st quarter. Royce & Associates LP now owns 852,849 shares of the company’s stock worth $12,162,000 after acquiring an additional 533,986 shares in the last quarter. Nuveen LLC bought a new position in Montrose Environmental Group during the first quarter worth $6,886,000. William Blair Investment Management LLC boosted its holdings in Montrose Environmental Group by 21.8% in the second quarter. William Blair Investment Management LLC now owns 2,317,660 shares of the company’s stock worth $50,734,000 after purchasing an additional 414,272 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Montrose Environmental Group by 44.6% in the second quarter. Stephens Investment Management Group LLC now owns 656,814 shares of the company’s stock worth $14,378,000 after purchasing an additional 202,541 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Montrose Environmental Group by 201.9% during the first quarter. Russell Investments Group Ltd. now owns 165,475 shares of the company’s stock valued at $2,360,000 after purchasing an additional 110,669 shares during the last quarter. Institutional investors own 87.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MEG shares. JPMorgan Chase & Co. lifted their price target on shares of Montrose Environmental Group from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Montrose Environmental Group in a report on Wednesday, October 8th. Zacks Research lowered Montrose Environmental Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Needham & Company LLC increased their price target on Montrose Environmental Group from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays raised their price target on Montrose Environmental Group from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.40.

Montrose Environmental Group Stock Performance

Shares of MEG stock opened at $25.95 on Friday. Montrose Environmental Group, Inc. has a 12-month low of $10.51 and a 12-month high of $32.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.78. The firm has a market capitalization of $917.11 million, a price-to-earnings ratio of -28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.84. The business has a 50 day simple moving average of $28.20 and a 200 day simple moving average of $24.06.

Montrose Environmental Group (NYSE:MEG) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Montrose Environmental Group had a positive return on equity of 0.17% and a negative net margin of 2.52%.The firm had revenue of $224.89 million for the quarter, compared to the consensus estimate of $201.46 million. Montrose Environmental Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Montrose Environmental Group, Inc. will post 0.13 EPS for the current year.

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.