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

Montrose Environmental Group, Inc. (NYSE:ONT) Director Peter Graham bought 25,140 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $17.19 per share, for a total transaction of $432,156.60. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 bought at an average cost of $15.94 per share, for a total transaction of $77,468.40.

Montrose Environmental Group Stock Down 2.6%

Montrose Environmental Group stock opened at $16.70 on Tuesday. Montrose Environmental Group, Inc. has a 1-year low of $14.13 and a 1-year high of $32.00. The firm has a market capitalization of $603.54 million, a price-to-earnings ratio of 334.07, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73. The firm’s fifty day moving average price is $19.05 and its two-hundred day moving average price is $22.69. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ONT shares. Zacks Research upgraded shares of Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Montrose Environmental Group in a report on Friday, May 29th. Finally, 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. Two research 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. According to MarketBeat, Montrose Environmental Group presently has a consensus rating of “Hold” and an average target price of $26.67.

Institutional Trading of Montrose Environmental Group

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Montrose Environmental Group during the third quarter worth about $32,000. Canada Pension Plan Investment Board increased its holdings in Montrose Environmental Group by 533.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock worth $42,000 after buying an additional 1,600 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Montrose Environmental Group in the fourth quarter worth about $75,000. Tower Research Capital LLC TRC increased its stake in shares of Montrose Environmental Group by 95.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock worth $68,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in shares of Montrose Environmental Group in the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

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.