Rockefeller Capital Management L.P. Buys 82,107 Shares of Montrose Environmental Group, Inc. (NYSE:MEG)

Rockefeller Capital Management L.P. raised its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 176.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,619 shares of the company's stock after acquiring an additional 82,107 shares during the period. Rockefeller Capital Management L.P. owned about 0.37% of Montrose Environmental Group worth $2,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. KBC Group NV raised its position in Montrose Environmental Group by 126.5% in the 4th quarter. KBC Group NV now owns 2,888 shares of the company's stock worth $54,000 after purchasing an additional 1,613 shares during the period. Avanza Fonder AB purchased a new position in shares of Montrose Environmental Group in the fourth quarter worth about $105,000. PNC Financial Services Group Inc. boosted its holdings in Montrose Environmental Group by 42.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,365 shares of the company's stock valued at $118,000 after acquiring an additional 1,898 shares during the period. KLP Kapitalforvaltning AS bought a new position in Montrose Environmental Group during the 4th quarter worth approximately $130,000. Finally, Wrapmanager Inc. increased its stake in Montrose Environmental Group by 12.8% in the 4th quarter. Wrapmanager Inc. now owns 10,105 shares of the company's stock worth $187,000 after purchasing an additional 1,150 shares during the period. 87.87% of the stock is owned by hedge funds and other institutional investors.

Montrose Environmental Group Trading Down 0.7 %

Shares of NYSE:MEG traded down $0.10 on Friday, hitting $15.06. The company had a trading volume of 61,572 shares, compared to its average volume of 537,234. The firm's 50-day simple moving average is $15.57 and its two-hundred day simple moving average is $19.04. The firm has a market capitalization of $522.07 million, a price-to-earnings ratio of -10.11 and a beta of 1.81. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.60. Montrose Environmental Group, Inc. has a 1 year low of $10.51 and a 1 year high of $49.97.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MEG shares. Evercore ISI cut their target price on shares of 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 decreased their price objective on shares of Montrose Environmental Group from $39.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.