Blair William & Co. IL Purchases 15,910 Shares of Montrose Environmental Group, Inc. $MEG

Blair William & Co. IL raised its stake in Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,131 shares of the company's stock after acquiring an additional 15,910 shares during the period. Blair William & Co. IL owned approximately 1.01% of Montrose Environmental Group worth $7,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in Montrose Environmental Group by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 326,969 shares of the company's stock valued at $4,663,000 after acquiring an additional 92,671 shares in the last quarter. Rhumbline Advisers raised its holdings in Montrose Environmental Group by 4.3% in the 1st quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock valued at $643,000 after acquiring an additional 1,875 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Montrose Environmental Group by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,378,212 shares of the company's stock valued at $33,913,000 after acquiring an additional 97,035 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Montrose Environmental Group in the 1st quarter valued at $690,000. Finally, Millennium Management LLC raised its holdings in Montrose Environmental Group by 4.4% in the 1st quarter. Millennium Management LLC now owns 1,504,541 shares of the company's stock valued at $21,455,000 after acquiring an additional 62,826 shares in the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MEG shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $31.00 price objective (up from $30.00) on shares of Montrose Environmental Group in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Montrose Environmental Group in a research note on Wednesday. Barclays began coverage on Montrose Environmental Group in a research note on Friday, September 19th. They issued an "overweight" rating and a $35.00 price target on the stock. Finally, Wall Street Zen upgraded Montrose Environmental Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.50.

Montrose Environmental Group Trading Down 3.3%

NYSE MEG opened at $27.43 on Friday. The business's 50-day moving average price is $28.22 and its two-hundred day moving average price is $22.13. Montrose Environmental Group, Inc. has a 12 month low of $10.51 and a 12 month high of $32.00. The firm has a market capitalization of $968.00 million, a PE ratio of -18.17, a price-to-earnings-growth ratio of 2.73 and a beta of 1.78. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.60.

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.

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