Montrose Environmental Group, Inc. (NYSE:MEG) Stock Holdings Cut by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in Montrose Environmental Group, Inc. (NYSE:MEG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,537 shares of the company’s stock after selling 2,396 shares during the period. Segall Bryant & Hamill LLC’s holdings in Montrose Environmental Group were worth $3,312,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC raised its position in Montrose Environmental Group by 6.9% in the third quarter. Natixis Advisors LLC now owns 20,879 shares of the company’s stock worth $549,000 after acquiring an additional 1,351 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Montrose Environmental Group in the 3rd quarter worth approximately $295,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Montrose Environmental Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 263,698 shares of the company’s stock worth $6,935,000 after purchasing an additional 6,143 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Montrose Environmental Group by 10.9% during the third quarter. Fisher Asset Management LLC now owns 172,529 shares of the company’s stock valued at $4,538,000 after purchasing an additional 17,007 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Montrose Environmental Group during the third quarter worth approximately $502,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Montrose Environmental Group Stock Performance

Shares of Montrose Environmental Group stock opened at $14.79 on Friday. Montrose Environmental Group, Inc. has a 12 month low of $14.28 and a 12 month high of $49.97. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.60. The stock has a market cap of $507.96 million, a PE ratio of -9.93 and a beta of 1.72. The business has a fifty day simple moving average of $18.92 and a 200-day simple moving average of $21.03.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MEG. Evercore ISI dropped their price target on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Montrose Environmental Group in a report on Tuesday, March 4th. Finally, Stifel Nicolaus dropped their price target on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

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.