Global Alpha Capital Management Ltd. Trims Stock Holdings in Montrose Environmental Group, Inc. $ONT

Global Alpha Capital Management Ltd. decreased its holdings in Montrose Environmental Group, Inc. (NYSE:ONT) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,382 shares of the company’s stock after selling 31,900 shares during the period. Global Alpha Capital Management Ltd. owned 0.41% of Montrose Environmental Group worth $3,560,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Bamco Inc. NY increased its stake in shares of Montrose Environmental Group by 2.5% in the second quarter. Bamco Inc. NY now owns 2,764,395 shares of the company’s stock worth $60,513,000 after purchasing an additional 68,713 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Montrose Environmental Group by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 1,986,620 shares of the company’s stock worth $49,328,000 after purchasing an additional 57,437 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Montrose Environmental Group by 128.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,733,003 shares of the company’s stock worth $43,030,000 after purchasing an additional 975,770 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Montrose Environmental Group by 3,407.7% in the second quarter. Alliancebernstein L.P. now owns 1,282,769 shares of the company’s stock worth $28,080,000 after purchasing an additional 1,246,199 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Montrose Environmental Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 774,877 shares of the company’s stock valued at $19,244,000 after acquiring an additional 9,992 shares during the period. Hedge funds and other institutional investors own 87.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Montrose Environmental Group in a research report on Friday, May 29th. Zacks Research upgraded shares of Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Needham & Company LLC cut their price objective on shares of Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Barclays cut their price objective on shares of Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Montrose Environmental Group has an average rating of “Hold” and an average target price of $26.67.

Montrose Environmental Group Trading Down 1.7%

Shares of ONT opened at $17.19 on Friday. The firm has a market cap of $621.25 million, a price-to-earnings ratio of 343.87, a PEG ratio of 1.28 and a beta of 1.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.84 and a current ratio of 1.84. Montrose Environmental Group, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $32.00. The firm has a 50 day moving average price of $19.17 and a 200-day moving average price of $22.75.

Insider Buying and Selling at Montrose Environmental Group

In other Montrose Environmental Group news, CFO Allan Dicks acquired 6,535 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $15.36 per share, for a total transaction of $100,377.60. Following the acquisition, the chief financial officer owned 218,178 shares in the company, valued at $3,351,214.08. The trade was a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jose Revuelta sold 7,858 shares of the business’s stock in a transaction that occurred 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. The trade was a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.40% of the stock is currently owned by insiders.

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.