Global Alpha Capital Management Ltd. trimmed its position in Montrose Environmental Group, Inc. (NYSE:ONT – Free Report) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,382 shares of the company’s stock after selling 31,900 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in Montrose Environmental Group were worth $3,560,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in Montrose Environmental Group by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,926 shares of the company’s stock valued at $261,000 after buying an additional 488 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Montrose Environmental Group by 2.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,660 shares of the company’s stock valued at $497,000 after buying an additional 515 shares during the last quarter. CWM LLC raised its holdings in Montrose Environmental Group by 8.6% during the 4th quarter. CWM LLC now owns 8,324 shares of the company’s stock valued at $207,000 after buying an additional 659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Montrose Environmental Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the company’s stock valued at $269,000 after buying an additional 780 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Montrose Environmental Group by 0.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 277,430 shares of the company’s stock valued at $7,618,000 after buying an additional 786 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ONT shares. Needham & Company LLC lowered 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 report on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Montrose Environmental Group in a report on Friday, May 29th. Barclays lowered their price target on shares of Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, Zacks Research upgraded shares of Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Two 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.67.
Insider Buying and Selling at Montrose Environmental Group
In other news, CEO Vijay Manthripragada sold 46,121 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $25.41, for a total value of $1,171,934.61. Following the sale, the chief executive officer directly owned 236,788 shares of the company’s stock, valued at $6,016,783.08. This represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Allan Dicks bought 6,535 shares of Montrose Environmental Group stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 218,178 shares in the company, valued at approximately $3,351,214.08. This trade represents a 3.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 10.40% of the stock is currently owned by company insiders.
Montrose Environmental Group Stock Down 1.7%
NYSE:ONT opened at $17.19 on Friday. The firm’s 50-day moving average price is $19.17 and its 200-day moving average price is $22.75. The company has a market capitalization of $621.25 million, a PE ratio of 343.87, a P/E/G ratio of 1.28 and a beta of 1.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.84. Montrose Environmental Group, Inc. has a 1-year low of $14.13 and a 1-year high of $32.00.
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.
Recommended Stories
- Five stocks we like better than Montrose Environmental Group
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
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:ONT – Free Report).
Receive News & Ratings for Montrose Environmental Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montrose Environmental Group and related companies with MarketBeat.com's FREE daily email newsletter.
