Diversified Trust Co Boosts Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Diversified Trust Co raised its holdings in Montrose Environmental Group, Inc. (NYSE:MEG) by 25.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,500 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. Diversified Trust Co’s holdings in Montrose Environmental Group were worth $450,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in shares of Montrose Environmental Group by 182.2% during the fourth quarter. Global Retirement Partners LLC now owns 3,053 shares of the company’s stock worth $98,000 after purchasing an additional 1,971 shares during the last quarter. Cladis Investment Advisory LLC acquired a new position in Montrose Environmental Group in the fourth quarter valued at $209,000. Mainsail Asset Management LLC acquired a new position in Montrose Environmental Group during the first quarter worth approximately $217,000. Graham Capital Management L.P. increased its holdings in shares of Montrose Environmental Group by 118.8% during the 3rd quarter. Graham Capital Management L.P. now owns 10,863 shares of the company’s stock worth $318,000 after buying an additional 5,898 shares during the last quarter. Finally, Wrapmanager Inc. lifted its stake in shares of Montrose Environmental Group by 47.0% in the 4th quarter. Wrapmanager Inc. now owns 10,851 shares of the company’s stock valued at $349,000 after purchasing an additional 3,469 shares in the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MEG shares. Needham & Company LLC restated a “buy” rating and set a $54.00 price objective on shares of Montrose Environmental Group in a research note on Thursday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of Montrose Environmental Group in a report on Wednesday, April 3rd.

Montrose Environmental Group Stock Down 1.4 %

Shares of MEG opened at $40.14 on Friday. Montrose Environmental Group, Inc. has a 12 month low of $21.96 and a 12 month high of $49.97. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -27.12 and a beta of 1.88. The company has a 50-day moving average price of $45.76 and a two-hundred day moving average price of $38.82. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.98.

Montrose Environmental Group (NYSE:MEG) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $155.33 million during the quarter, compared to the consensus estimate of $152.61 million. Montrose Environmental Group had a negative net margin of 4.55% and a negative return on equity of 1.78%. Equities analysts predict that Montrose Environmental Group, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Vijay Manthripragada sold 12,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $46.51, for a total transaction of $581,375.00. Following the completion of the transaction, the chief executive officer now directly owns 316,637 shares in the company, valued at approximately $14,726,786.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.90% of the stock is owned by company insiders.

Montrose Environmental Group Company 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.