Lazard Asset Management LLC acquired a new position in Montrose Environmental Group, Inc. (NYSE:MEG – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,964 shares of the company’s stock, valued at approximately $99,000.
Other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors grew its position in Montrose Environmental Group by 23.8% during the 1st quarter. Capital Research Global Investors now owns 2,699,774 shares of the company’s stock worth $142,899,000 after acquiring an additional 519,892 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Montrose Environmental Group by 7.8% during the second quarter. UBS Asset Management Americas Inc. now owns 1,848,185 shares of the company’s stock valued at $62,395,000 after acquiring an additional 133,871 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Montrose Environmental Group by 15.0% during the second quarter. Federated Hermes Inc. now owns 837,578 shares of the company’s stock worth $28,277,000 after purchasing an additional 109,078 shares during the period. Aperture Investors LLC raised its position in Montrose Environmental Group by 14.5% during the 3rd quarter. Aperture Investors LLC now owns 704,585 shares of the company’s stock valued at $23,709,000 after purchasing an additional 89,112 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Montrose Environmental Group by 68.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 166,034 shares of the company’s stock worth $5,586,000 after buying an additional 67,554 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.
Insider Activity at Montrose Environmental Group
In other news, Director Richard E. Perlman sold 23,790 shares of the business’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $52.69, for a total value of $1,253,495.10. Following the completion of the transaction, the director now owns 901,835 shares in the company, valued at $47,517,686.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard E. Perlman sold 600 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $54.04, for a total transaction of $32,424.00. Following the completion of the sale, the director now owns 693,317 shares in the company, valued at $37,466,850.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard E. Perlman sold 23,790 shares of the firm’s stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $52.69, for a total value of $1,253,495.10. Following the completion of the transaction, the director now directly owns 901,835 shares in the company, valued at $47,517,686.15. The disclosure for this sale can be found here. Insiders sold 128,272 shares of company stock valued at $6,798,617 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.
Wall Street Analyst Weigh In
Montrose Environmental Group Stock Performance
Shares of Montrose Environmental Group stock opened at $37.17 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.22 and a quick ratio of 2.38. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -22.94 and a beta of 1.72. Montrose Environmental Group, Inc. has a 1 year low of $28.36 and a 1 year high of $57.49. The firm’s 50-day moving average is $49.68 and its 200 day moving average is $44.47.
Montrose Environmental Group Profile
Montrose Environmental Group, Inc operates as an environmental services company in the United States. 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.
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