Montrose Environmental Group (NYSE:ONT) Director Acquires $432,156.60 in Stock

Montrose Environmental Group, Inc. (NYSE:ONT) Director Peter Graham acquired 25,140 shares of the stock in a transaction on Friday, June 5th. The stock was bought at an average price of $17.19 per share, with a total value of $432,156.60. Following the transaction, the director directly owned 256,689 shares in the company, valued at approximately $4,412,483.91. This represents a 10.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Montrose Environmental Group Trading Down 0.2%

ONT opened at $16.93 on Thursday. 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 market capitalization of $611.85 million, a PE ratio of 338.67, a PEG ratio of 1.27 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. The firm has a 50-day moving average price of $18.89 and a two-hundred day moving average price of $22.58.

Institutional Trading of Montrose Environmental Group

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Montrose Environmental Group in the 3rd quarter valued at $32,000. Canada Pension Plan Investment Board increased its position 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 buying an additional 1,600 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 buying an additional 1,508 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Montrose Environmental Group in the 4th quarter valued at $75,000. Finally, Assetmark Inc. bought a new stake in shares of Montrose Environmental Group in the 4th quarter valued at $84,000. Institutional investors own 87.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ONT. Weiss Ratings reissued a “sell (d)” rating on shares of Montrose Environmental Group in a research note on Friday, May 29th. Barclays cut their price target on Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Zacks Research raised Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Needham & Company LLC cut their price target on Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Montrose Environmental Group has a consensus rating of “Hold” and an average target price of $26.67.

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.