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 4th quarter, HoldingsChannel.com reports. The firm owned 11,302 shares of the company’s stock after acquiring an additional 3,231 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Montrose Environmental Group were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MEG. KBC Group NV grew its position in Montrose Environmental Group by 126.5% in the fourth quarter. KBC Group NV now owns 2,888 shares of the company’s stock worth $54,000 after buying an additional 1,613 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Montrose Environmental Group in the 3rd quarter worth $111,000. Avanza Fonder AB acquired a new position in shares of Montrose Environmental Group in the 4th quarter worth $105,000. PNC Financial Services Group Inc. raised its position in shares of Montrose Environmental Group by 42.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,365 shares of the company’s stock worth $118,000 after purchasing an additional 1,898 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Montrose Environmental Group in the 4th quarter valued at $130,000. 87.87% of the stock is currently owned by institutional investors.

Montrose Environmental Group Price Performance

NYSE MEG opened at $11.86 on Friday. 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 firm has a market capitalization of $410.94 million, a price-to-earnings ratio of -7.96 and a beta of 1.81. The company has a 50 day simple moving average of $17.75 and a 200-day simple moving average of $20.42. Montrose Environmental Group, Inc. has a 52-week low of $11.39 and a 52-week high of $49.97.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MEG. Stifel Nicolaus cut their price objective on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Needham & Company LLC cut 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 report on Friday. Finally, Evercore ISI reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.40.

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.