Montrose Environmental Group (NYSE:ONT) Director Peter Graham Purchases 25,140 Shares

Montrose Environmental Group, Inc. (NYSE:ONT) Director Peter Graham bought 25,140 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $17.19 per share, for a total transaction of $432,156.60. Following the completion of the acquisition, the director owned 256,689 shares of the company’s stock, valued at approximately $4,412,483.91. This trade represents a 10.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peter Graham also recently made the following trade(s):

• On Wednesday, June 3rd, Peter Graham bought 4,860 shares of Montrose Environmental Group stock. The stock was purchased at an average price of $15.94 per share, for a total transaction of $77,468.40.

Montrose Environmental Group Trading Down 2.6%

ONT traded down $0.45 during mid-day trading on Monday, hitting $16.70. The stock had a trading volume of 765,266 shares, compared to its average volume of 451,770. The stock’s fifty day simple moving average is $19.17 and its 200-day simple moving average is $22.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $603.52 million, a price-to-earnings ratio of 334.07, a price-to-earnings-growth ratio of 1.28 and a beta of 1.72. Montrose Environmental Group, Inc. has a 1-year low of $14.13 and a 1-year high of $32.00.

Institutional Investors Weigh In On Montrose Environmental Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its position in shares of Montrose Environmental Group by 3,407.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,282,769 shares of the company’s stock valued at $28,080,000 after acquiring an additional 1,246,199 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Montrose Environmental Group by 128.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,733,003 shares of the company’s stock valued at $43,030,000 after acquiring an additional 975,770 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Montrose Environmental Group in the 4th quarter valued at about $10,140,000. Marshall Wace LLP grew its position in shares of Montrose Environmental Group by 245.0% in the 2nd quarter. Marshall Wace LLP now owns 383,661 shares of the company’s stock valued at $8,398,000 after acquiring an additional 272,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Montrose Environmental Group by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,574 shares of the company’s stock valued at $36,192,000 after acquiring an additional 179,855 shares during the period. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Montrose Environmental Group in a report on Friday, May 29th. Needham & Company LLC dropped their price objective on shares of Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Barclays dropped their price objective on shares of Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.67.

About Montrose Environmental Group

Montrose Environmental Group (NYSE: MEG) is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose’s core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.