Harbor Capital Advisors Inc. Has $867,000 Stock Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Harbor Capital Advisors Inc. decreased its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,727 shares of the company's stock after selling 48,026 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.14% of Montrose Environmental Group worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Montrose Environmental Group by 43.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,942 shares of the company's stock valued at $86,000 after purchasing an additional 586 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Montrose Environmental Group in the third quarter worth approximately $111,000. Los Angeles Capital Management LLC purchased a new stake in shares of Montrose Environmental Group in the second quarter worth approximately $204,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Montrose Environmental Group in the third quarter worth approximately $212,000. Finally, Net Worth Advisory Group purchased a new stake in shares of Montrose Environmental Group in the third quarter worth approximately $213,000. Institutional investors own 87.87% of the company's stock.

Montrose Environmental Group Stock Down 3.1 %

MEG traded down $0.68 during midday trading on Tuesday, hitting $21.08. 388,093 shares of the company's stock traded hands, compared to its average volume of 678,399. Montrose Environmental Group, Inc. has a one year low of $15.21 and a one year high of $49.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. The stock's fifty day simple moving average is $18.79 and its 200-day simple moving average is $26.25. The company has a market cap of $723.07 million, a PE ratio of -14.15 and a beta of 1.70.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Montrose Environmental Group from $41.00 to $38.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. Evercore ISI set a $43.00 price target on shares of Montrose Environmental Group in a research report on Thursday, October 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $29.00 price objective (down previously from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Bank of America lowered shares of Montrose Environmental Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $52.00 to $29.00 in a research report on Wednesday, November 6th. Finally, Needham & Company LLC cut their price objective on shares of Montrose Environmental Group from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.60.

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.