Montrose Environmental Group, Inc. $ONT Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in shares of Montrose Environmental Group, Inc. (NYSE:ONTFree Report) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 704,702 shares of the company’s stock after purchasing an additional 43,774 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Montrose Environmental Group were worth $17,498,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Montrose Environmental Group during the third quarter worth $32,000. Canada Pension Plan Investment Board lifted its stake in shares of Montrose Environmental Group by 533.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock valued at $42,000 after purchasing an additional 1,600 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Montrose Environmental Group by 95.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock valued at $68,000 after purchasing an additional 1,508 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Montrose Environmental Group during the 4th quarter worth $84,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Montrose Environmental Group during the 3rd quarter worth $218,000. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Montrose Environmental Group

In related news, insider Jose Revuelta sold 7,858 shares of Montrose Environmental Group stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $27.00, for a total value of $212,166.00. Following the completion of the transaction, the insider owned 269,282 shares in the company, valued at approximately $7,270,614. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vijay Manthripragada sold 46,121 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $25.41, for a total transaction of $1,171,934.61. Following the sale, the chief executive officer directly owned 236,788 shares in the company, valued at approximately $6,016,783.08. The trade was a 16.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 107,527 shares of company stock valued at $2,908,583. 10.40% of the stock is owned by company insiders.

Montrose Environmental Group Trading Down 0.8%

ONT opened at $15.18 on Monday. Montrose Environmental Group, Inc. has a 52 week low of $14.89 and a 52 week high of $32.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $21.66 and a 200-day simple moving average of $23.71. The firm has a market cap of $548.61 million, a P/E ratio of 303.66, a P/E/G ratio of 1.42 and a beta of 1.83.

Montrose Environmental Group (NYSE:ONTGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Montrose Environmental Group had a return on equity of 5.61% and a net margin of 0.71%.The firm had revenue of $193.27 million for the quarter, compared to the consensus estimate of $186.24 million. During the same quarter in the previous year, the business earned ($0.90) EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Montrose Environmental Group, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on ONT shares. Zacks Research lowered shares of Montrose Environmental Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Needham & Company LLC dropped their price target on shares of Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.33.

Get Our Latest Research Report on ONT

Montrose Environmental Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ONT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Montrose Environmental Group, Inc. (NYSE:ONTFree Report).

Institutional Ownership by Quarter for Montrose Environmental Group (NYSE:ONT)

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