Russell Investments Group Ltd. Has $1.02 Million Stake in Montrose Environmental Group, Inc. (NYSE:MEG)

Russell Investments Group Ltd. boosted its stake in shares of Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,806 shares of the company's stock after buying an additional 19,688 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Montrose Environmental Group worth $1,017,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MEG. KBC Group NV lifted its position in shares of Montrose Environmental Group by 126.5% in the 4th quarter. KBC Group NV now owns 2,888 shares of the company's stock valued at $54,000 after acquiring an additional 1,613 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Montrose Environmental Group in the fourth quarter valued at $105,000. PNC Financial Services Group Inc. boosted its position in shares of Montrose Environmental Group by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,365 shares of the company's stock worth $118,000 after buying an additional 1,898 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Montrose Environmental Group during the fourth quarter valued at $130,000. Finally, Wrapmanager Inc. raised its position in Montrose Environmental Group by 12.8% during the fourth quarter. Wrapmanager Inc. now owns 10,105 shares of the company's stock valued at $187,000 after buying an additional 1,150 shares during the period. 87.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MEG. Needham & Company LLC dropped their target price on Montrose Environmental Group from $39.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Evercore ISI dropped their price objective on shares of Montrose Environmental Group from $40.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Montrose Environmental Group presently has an average rating of "Moderate Buy" and an average price target of $31.40.

Montrose Environmental Group Stock Down 0.6 %

MEG traded down $0.09 during midday trading on Friday, hitting $15.07. 154,998 shares of the company's stock traded hands, compared to its average volume of 525,917. 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 company has a market cap of $522.42 million, a PE ratio of -10.13 and a beta of 1.81. Montrose Environmental Group, Inc. has a one year low of $10.51 and a one year high of $49.97. The stock's fifty day simple moving average is $15.57 and its 200-day simple moving average is $19.04.

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.