Russell Investments Group Ltd. Has $2.10 Million Stock Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Russell Investments Group Ltd. trimmed its position in shares of Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,373 shares of the company's stock after selling 20,058 shares during the period. Russell Investments Group Ltd. owned 0.22% of Montrose Environmental Group worth $2,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp acquired a new stake in Montrose Environmental Group in the third quarter worth about $598,000. Versor Investments LP acquired a new position in shares of Montrose Environmental Group during the third quarter valued at approximately $214,000. Jump Financial LLC bought a new stake in Montrose Environmental Group during the third quarter worth approximately $280,000. Quantbot Technologies LP acquired a new stake in Montrose Environmental Group in the third quarter worth approximately $109,000. Finally, Swiss National Bank boosted its stake in Montrose Environmental Group by 1.8% during the 3rd quarter. Swiss National Bank now owns 62,900 shares of the company's stock valued at $1,840,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 87.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $54.00 price objective on shares of Montrose Environmental Group in a report on Thursday, May 9th. Stifel Nicolaus restated a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of Montrose Environmental Group in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Montrose Environmental Group from $41.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st.

Insider Buying and Selling at Montrose Environmental Group

In other news, CEO Vijay Manthripragada sold 12,500 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $46.51, for a total transaction of $581,375.00. Following the transaction, the chief executive officer now owns 316,637 shares in the company, valued at approximately $14,726,786.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.90% of the company's stock.

Montrose Environmental Group Trading Up 1.7 %

MEG traded up $0.81 during trading on Wednesday, reaching $47.46. The company had a trading volume of 283,427 shares, compared to its average volume of 261,645. The firm's 50-day simple moving average is $41.73 and its 200 day simple moving average is $34.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -32.07 and a beta of 1.91. Montrose Environmental Group, Inc. has a 12-month low of $21.96 and a 12-month high of $49.15.

Montrose Environmental Group (NYSE:MEG - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.08. Montrose Environmental Group had a negative return on equity of 1.78% and a negative net margin of 4.55%. The firm had revenue of $165.74 million during the quarter, compared to the consensus estimate of $157.31 million. Equities research analysts anticipate that Montrose Environmental Group, Inc. will post -0.18 earnings per share for the current year.

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.