XTX Topco Ltd Acquires 25,756 Shares of Montrose Environmental Group, Inc. (NYSE:MEG)

XTX Topco Ltd raised its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 163.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,475 shares of the company’s stock after purchasing an additional 25,756 shares during the period. XTX Topco Ltd owned 0.12% of Montrose Environmental Group worth $769,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MEG. KBC Group NV increased its holdings in Montrose Environmental Group by 126.5% during the fourth quarter. KBC Group NV now owns 2,888 shares of the company’s stock valued at $54,000 after buying an additional 1,613 shares during the period. Avanza Fonder AB bought a new stake in Montrose Environmental Group during the 4th quarter valued at $105,000. PNC Financial Services Group Inc. boosted its position in Montrose Environmental Group by 42.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,365 shares of the company’s stock valued at $118,000 after acquiring an additional 1,898 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Montrose Environmental Group in the 4th quarter valued at $130,000. Finally, Wrapmanager Inc. raised its position in shares of Montrose Environmental Group by 12.8% in the 4th quarter. Wrapmanager Inc. now owns 10,105 shares of the company’s stock worth $187,000 after acquiring an additional 1,150 shares in the last quarter. Institutional investors own 87.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC dropped their price objective on Montrose Environmental Group from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Evercore ISI lowered their price target on shares of Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

Montrose Environmental Group Trading Up 2.0 %

Montrose Environmental Group stock opened at $14.55 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap of $504.19 million, a PE ratio of -9.76 and a beta of 1.81. The stock has a 50-day moving average of $15.99 and a two-hundred day moving average of $19.30. Montrose Environmental Group, Inc. has a one year low of $10.51 and a one year high of $49.97.

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.