Montrose Environmental Group, Inc. $MEG Stock Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 63.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,415 shares of the company’s stock after acquiring an additional 45,124 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.33% of Montrose Environmental Group worth $2,891,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Montrose Environmental Group during the 3rd quarter worth $32,000. Canada Pension Plan Investment Board boosted its stake in shares of Montrose Environmental Group by 533.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock worth $42,000 after acquiring an additional 1,600 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Montrose Environmental Group by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock worth $68,000 after acquiring an additional 1,508 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Montrose Environmental Group during the 4th quarter worth $84,000. Finally, CWM LLC boosted its stake in shares of Montrose Environmental Group by 70.1% during the 3rd quarter. CWM LLC now owns 7,665 shares of the company’s stock worth $210,000 after acquiring an additional 3,159 shares in the last quarter. 87.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MEG has been the subject of several research reports. Wall Street Zen lowered Montrose Environmental Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Needham & Company LLC raised their target price on Montrose Environmental Group from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Montrose Environmental Group currently has an average rating of “Hold” and a consensus target price of $34.67.

Insider Transactions at Montrose Environmental Group

In related news, insider Jose Revuelta sold 7,858 shares of Montrose Environmental Group stock in a transaction on Monday, March 9th. The stock was sold at an average price of $27.00, for a total transaction of $212,166.00. Following the completion of the sale, the insider owned 269,282 shares of the company’s stock, valued at approximately $7,270,614. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vijay Manthripragada sold 46,121 shares of Montrose Environmental Group stock in a transaction on Friday, March 13th. The shares were sold at an average price of $25.41, for a total value of $1,171,934.61. Following the sale, the chief executive officer directly owned 236,788 shares of the company’s stock, valued at approximately $6,016,783.08. The trade was a 16.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 107,527 shares of company stock worth $2,908,583 in the last ninety days. Company insiders own 10.40% of the company’s stock.

Montrose Environmental Group Stock Performance

Shares of Montrose Environmental Group stock opened at $21.03 on Friday. The stock has a market cap of $760.55 million, a PE ratio of -87.61, a price-to-earnings-growth ratio of 1.71 and a beta of 2.00. The business has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $24.46. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.68. Montrose Environmental Group, Inc. has a 12 month low of $14.40 and a 12 month high of $32.00.

Montrose Environmental Group (NYSE:MEG) last issued its earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $193.27 million during the quarter, compared to analysts’ expectations of $186.24 million. Montrose Environmental Group had a positive return on equity of 4.47% and a negative net margin of 0.10%.Montrose Environmental Group’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.90) earnings per share. On average, sell-side analysts anticipate that Montrose Environmental Group, Inc. will post 0.63 EPS for the current fiscal year.

Montrose Environmental Group Company Profile

Montrose Environmental Group (NYSE: MEG) is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose’s core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.