156,157 Shares in Montrose Environmental Group, Inc. $ONT Purchased by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in shares of Montrose Environmental Group, Inc. (NYSE:ONT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 156,157 shares of the company’s stock, valued at approximately $3,418,000.

Several other hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Montrose Environmental Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the company’s stock worth $269,000 after purchasing an additional 780 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Montrose Environmental Group by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 326,969 shares of the company’s stock valued at $4,663,000 after purchasing an additional 92,671 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Montrose Environmental Group by 27.9% in the 2nd quarter. Rhumbline Advisers now owns 57,667 shares of the company’s stock worth $1,262,000 after purchasing an additional 12,566 shares in the last quarter. Invesco Ltd. grew its stake in shares of Montrose Environmental Group by 13.1% in the 2nd quarter. Invesco Ltd. now owns 152,085 shares of the company’s stock worth $3,329,000 after buying an additional 17,601 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Montrose Environmental Group by 245.0% during the 2nd quarter. Marshall Wace LLP now owns 383,661 shares of the company’s stock valued at $8,398,000 after buying an additional 272,444 shares in the last quarter. Institutional investors own 87.87% of the company’s stock.

Insider Transactions at Montrose Environmental Group

In other Montrose Environmental Group news, Director Peter Graham purchased 25,140 shares of Montrose Environmental Group stock in a transaction dated Friday, June 5th. The stock was purchased 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 of the company’s stock, valued at $4,412,483.91. This trade represents a 10.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Allan Dicks acquired 6,535 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $15.36 per share, for a total transaction of $100,377.60. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 36,535 shares of company stock valued at $610,003. Corporate insiders own 10.40% of the company’s stock.

Montrose Environmental Group Stock Performance

Shares of ONT opened at $19.78 on Friday. The firm has a market capitalization of $714.85 million, a P/E ratio of 395.68, a PEG ratio of 1.49 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 one year low of $14.13 and a one year high of $32.00. The business has a fifty day moving average of $17.73 and a 200 day moving average of $21.91.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ONT shares. Needham & Company LLC dropped their target price on Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Zacks Research upgraded Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montrose Environmental Group in a research report on Friday, May 29th. Finally, Barclays dropped their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.67.

Montrose Environmental Group 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.