Montrose Environmental Group, Inc. (NYSE:ONT – Get Free Report) CFO Allan Dicks acquired 6,535 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $15.36 per share, for a total transaction of $100,377.60. Following the transaction, the chief financial officer directly owned 218,178 shares in the company, valued at $3,351,214.08. The trade was a 3.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Montrose Environmental Group Stock Down 0.1%
NYSE:ONT opened at $15.59 on Thursday. The company has a market cap of $563.42 million, a price-to-earnings ratio of 311.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83. Montrose Environmental Group, Inc. has a twelve month low of $15.01 and a twelve month high of $32.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $23.90.
Montrose Environmental Group (NYSE:ONT – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $193.27 million for the quarter, compared to analysts’ expectations of $186.24 million. Montrose Environmental Group had a net margin of 0.71% and a return on equity of 5.61%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.90) earnings per share. Analysts anticipate that Montrose Environmental Group, Inc. will post 0.78 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ONT
Institutional Investors Weigh In On Montrose Environmental Group
Several hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in Montrose Environmental Group during the third quarter valued at approximately $32,000. Canada Pension Plan Investment Board lifted its holdings in Montrose Environmental Group by 533.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock worth $42,000 after buying an additional 1,600 shares during the period. Tower Research Capital LLC TRC boosted its position in Montrose Environmental Group by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock valued at $68,000 after acquiring an additional 1,508 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Montrose Environmental Group during the 4th quarter valued at $75,000. Finally, Assetmark Inc. purchased a new position in shares of Montrose Environmental Group in the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.
Montrose Environmental Group Company Profile
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.
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