Peter Graham Buys 25,140 Shares of Montrose Environmental Group (NYSE:ONT) Stock

Montrose Environmental Group, Inc. (NYSE:ONT) Director Peter Graham purchased 25,140 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $17.19 per share, with a total value of $432,156.60. Following the acquisition, the director owned 256,689 shares of the company’s stock, valued at $4,412,483.91. This represents a 10.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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

Montrose Environmental Group Price Performance

ONT opened at $17.03 on Wednesday. The company has a fifty day moving average price of $18.97 and a two-hundred day moving average price of $22.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.84 and a current ratio of 1.84. Montrose Environmental Group, Inc. has a 52 week low of $14.13 and a 52 week high of $32.00. The firm has a market capitalization of $615.46 million, a PE ratio of 340.67, a P/E/G ratio of 1.24 and a beta of 1.72.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ONT. Barclays lowered their target price 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. Needham & Company LLC lowered their target price 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 reaffirmed a “sell (d)” rating on shares of Montrose Environmental Group in a report on Friday, May 29th. Finally, Zacks Research raised shares of Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.67.

Institutional Investors Weigh In On Montrose Environmental Group

Several institutional investors have recently added to or reduced their stakes in ONT. Alliancebernstein L.P. lifted its position in Montrose Environmental Group by 3,407.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,282,769 shares of the company’s stock valued at $28,080,000 after acquiring an additional 1,246,199 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Montrose Environmental Group by 128.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,733,003 shares of the company’s stock valued at $43,030,000 after acquiring an additional 975,770 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Montrose Environmental Group in the 4th quarter valued at $10,140,000. Marshall Wace LLP lifted its position in Montrose Environmental Group by 245.0% in the 2nd quarter. Marshall Wace LLP now owns 383,661 shares of the company’s stock valued at $8,398,000 after acquiring an additional 272,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Montrose Environmental Group by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,574 shares of the company’s stock valued at $36,192,000 after acquiring an additional 179,855 shares in the last quarter. 87.87% of the stock is owned by institutional investors.

About Montrose Environmental Group

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.