Key Points
- Director Peter Graham bought 25,140 shares of Montrose Environmental Group on June 5 at an average price of $17.19, for a total of about $432,157.
- After the transaction, Graham’s direct ownership rose to 256,689 shares, which the article says is a 10.86% increase in his stake. He had also bought 4,860 shares two days earlier at $15.94 apiece.
- Montrose Environmental Group’s stock was trading near $16.70, well below its 50-day and 200-day moving averages, while analysts currently rate the stock Hold on average with a $26.67 price target.
Montrose Environmental Group, Inc. (NYSE:ONT - Get Free Report) Director Peter Graham bought 25,140 shares of Montrose Environmental Group stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $17.19 per share, with a total value of $432,156.60. Following the purchase, the director directly owned 256,689 shares of the company's stock, valued at approximately $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 through 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 stock was acquired at an average price of $15.94 per share, with a total value of $77,468.40.
Montrose Environmental Group Price Performance
ONT opened at $16.70 on Tuesday. The company has a market capitalization of $603.54 million, a price-to-earnings ratio of 334.07, a PEG ratio of 1.28 and a beta of 1.73. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $19.05 and a 200-day moving average price of $22.69. Montrose Environmental Group, Inc. has a twelve month low of $14.13 and a twelve month high of $32.00.
Institutional Investors Weigh In On Montrose Environmental Group
Several hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. lifted its position in Montrose Environmental Group by 3,733.3% during the first quarter. Hillsdale Investment Management Inc. now owns 11,500 shares of the company's stock valued at $252,000 after purchasing an additional 11,200 shares during the last quarter. Principal Financial Group Inc. lifted its position in Montrose Environmental Group by 5.2% during the first quarter. Principal Financial Group Inc. now owns 1,346,257 shares of the company's stock valued at $29,470,000 after purchasing an additional 66,543 shares during the last quarter. Fifth Third Bancorp bought a new stake in Montrose Environmental Group during the first quarter valued at approximately $201,000. Hsbc Holdings PLC lifted its position in Montrose Environmental Group by 41.9% during the first quarter. Hsbc Holdings PLC now owns 15,228 shares of the company's stock valued at $328,000 after purchasing an additional 4,493 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in Montrose Environmental Group by 16.8% during the first quarter. Conestoga Capital Advisors LLC now owns 83,515 shares of the company's stock valued at $1,828,000 after purchasing an additional 12,040 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on ONT shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Montrose Environmental Group in a research note on Friday, May 29th. Needham & Company LLC cut their price objective on shares of Montrose Environmental Group from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Barclays cut their price objective on shares of Montrose Environmental Group from $40.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 18th. Finally, Zacks Research upgraded shares of Montrose Environmental Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.67.
Check Out Our Latest Analysis on ONT
About Montrose Environmental Group
(
Get Free Report)
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.
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