DekaBank Deutsche Girozentrale Has $10.86 Million Stock Position in Montrose Environmental Group, Inc. $MEG

DekaBank Deutsche Girozentrale lifted its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 505,697 shares of the company's stock after buying an additional 34,897 shares during the period. DekaBank Deutsche Girozentrale owned about 1.46% of Montrose Environmental Group worth $10,864,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Montrose Environmental Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the company's stock worth $269,000 after buying an additional 780 shares in the last quarter. Rhumbline Advisers increased 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 worth $643,000 after purchasing an additional 1,875 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in Montrose Environmental Group by 19.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 13,463 shares of the company's stock worth $192,000 after purchasing an additional 2,161 shares in the last quarter. Graham Capital Management L.P. increased its holdings in Montrose Environmental Group by 8.4% in the 1st quarter. Graham Capital Management L.P. now owns 40,474 shares of the company's stock worth $577,000 after purchasing an additional 3,135 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in Montrose Environmental Group by 569.3% in the 1st quarter. AlphaQuest LLC now owns 4,096 shares of the company's stock worth $58,000 after purchasing an additional 3,484 shares in the last quarter. Institutional investors and hedge funds own 87.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MEG. Needham & Company LLC reaffirmed a "buy" rating and issued a $31.00 target price (up previously from $30.00) on shares of Montrose Environmental Group in a report on Friday, August 8th. Wall Street Zen raised Montrose Environmental Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barclays began coverage on Montrose Environmental Group in a report on Friday, September 19th. They issued an "overweight" rating and a $35.00 target price for the company. JPMorgan Chase & Co. upped their target price on Montrose Environmental Group from $26.00 to $33.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Finally, Zacks Research cut Montrose Environmental Group from a "strong-buy" rating to a "hold" rating in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Montrose Environmental Group currently has an average rating of "Hold" and an average price target of $33.17.

Montrose Environmental Group Trading Up 5.2%

NYSE MEG opened at $28.54 on Friday. The business's 50-day moving average price is $28.78 and its two-hundred day moving average price is $22.99. 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 $1.01 billion, a PE ratio of -18.90, a price-to-earnings-growth ratio of 3.03 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.

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.

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