Charles Schwab Investment Management Inc. Has $4.93 Million Stake in Montrose Environmental Group, Inc. (NYSE:MEG)

Charles Schwab Investment Management Inc. grew its stake in Montrose Environmental Group, Inc. (NYSE:MEG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,529 shares of the company’s stock after purchasing an additional 1,831 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of Montrose Environmental Group worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MEG. FMR LLC boosted its position in Montrose Environmental Group by 11.1% in the third quarter. FMR LLC now owns 352,264 shares of the company’s stock valued at $9,265,000 after buying an additional 35,314 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Montrose Environmental Group by 189.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 46,512 shares of the company’s stock valued at $1,223,000 after acquiring an additional 30,437 shares during the last quarter. Barclays PLC boosted its holdings in shares of Montrose Environmental Group by 375.0% during the 3rd quarter. Barclays PLC now owns 53,575 shares of the company’s stock valued at $1,410,000 after acquiring an additional 42,297 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Montrose Environmental Group by 159.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,206 shares of the company’s stock valued at $1,873,000 after acquiring an additional 43,739 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Montrose Environmental Group during the 4th quarter worth $322,000. 87.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on MEG shares. Evercore ISI dropped their target price on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Stifel Nicolaus dropped their price objective on shares of Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $39.00 target price on shares of Montrose Environmental Group in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Montrose Environmental Group has an average rating of “Moderate Buy” and an average target price of $33.60.

Montrose Environmental Group Trading Down 0.3 %

NYSE MEG opened at $15.35 on Wednesday. The firm has a market capitalization of $527.12 million, a PE ratio of -10.30 and a beta of 1.72. The business’s 50-day moving average price is $19.22 and its two-hundred day moving average price is $21.11. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60. Montrose Environmental Group, Inc. has a 12 month low of $14.28 and a 12 month high of $49.97.

About Montrose Environmental Group

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.