Vanguard Group Inc. Has $33.44 Million Stock Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Vanguard Group Inc. raised its holdings in Montrose Environmental Group, Inc. (NYSE:MEG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,802,551 shares of the company’s stock after acquiring an additional 11,211 shares during the quarter. Vanguard Group Inc. owned approximately 5.26% of Montrose Environmental Group worth $33,437,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Montrose Environmental Group by 39.7% in the third quarter. The Manufacturers Life Insurance Company now owns 16,936 shares of the company’s stock valued at $445,000 after purchasing an additional 4,813 shares during the period. Stifel Financial Corp grew its position in shares of Montrose Environmental Group by 58.7% in the 3rd quarter. Stifel Financial Corp now owns 23,521 shares of the company’s stock valued at $619,000 after buying an additional 8,703 shares during the last quarter. State Street Corp increased its stake in shares of Montrose Environmental Group by 0.8% in the third quarter. State Street Corp now owns 679,871 shares of the company’s stock valued at $17,881,000 after buying an additional 5,687 shares during the period. XTX Topco Ltd raised its position in shares of Montrose Environmental Group by 81.3% during the third quarter. XTX Topco Ltd now owns 15,719 shares of the company’s stock worth $413,000 after acquiring an additional 7,048 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Montrose Environmental Group in the third quarter worth approximately $214,000. Institutional investors own 87.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MEG shares. Evercore ISI lowered 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 report on Monday, February 10th. Needham & Company LLC decreased their price objective on shares of Montrose Environmental Group from $39.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Montrose Environmental Group Trading Up 5.3 %

NYSE MEG opened at $13.46 on Monday. The stock has a market capitalization of $466.58 million, a P/E ratio of -9.03 and a beta of 1.81. The business has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $19.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. Montrose Environmental Group, Inc. has a one year low of $10.51 and a one year high of $49.97.

About Montrose Environmental Group

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.