Legato Capital Management LLC Sells 1,153 Shares of Montrose Environmental Group, Inc. (NYSE:MEG)

Legato Capital Management LLC lowered its holdings in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,643 shares of the company’s stock after selling 1,153 shares during the quarter. Legato Capital Management LLC owned 0.10% of Montrose Environmental Group worth $606,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of Montrose Environmental Group by 43.3% in the third quarter. Royce & Associates LP now owns 345,069 shares of the company’s stock valued at $9,075,000 after buying an additional 104,320 shares during the period. FMR LLC raised its stake in shares of Montrose Environmental Group by 11.1% in the 3rd quarter. FMR LLC now owns 352,264 shares of the company’s stock valued at $9,265,000 after purchasing an additional 35,314 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Montrose Environmental Group in the third quarter valued at about $6,801,000. Rockefeller Capital Management L.P. boosted its position in shares of Montrose Environmental Group by 189.3% during the third quarter. Rockefeller Capital Management L.P. now owns 46,512 shares of the company’s stock worth $1,223,000 after buying an additional 30,437 shares during the period. Finally, Barclays PLC grew its holdings in shares of Montrose Environmental Group by 375.0% during the third quarter. Barclays PLC now owns 53,575 shares of the company’s stock worth $1,410,000 after buying an additional 42,297 shares in the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.

Montrose Environmental Group Trading Up 3.2 %

Montrose Environmental Group stock opened at $18.84 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a 50-day simple moving average of $19.65 and a 200 day simple moving average of $23.92. The stock has a market capitalization of $646.33 million, a P/E ratio of -12.65 and a beta of 1.71. Montrose Environmental Group, Inc. has a 52 week low of $15.21 and a 52 week high of $49.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MEG shares. Evercore ISI cut their target price on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Needham & Company LLC restated a “buy” rating and set a $39.00 target price on shares of Montrose Environmental Group in a report on Tuesday, January 28th. Stifel Nicolaus lowered their price target on shares of Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $29.00 price target (down from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Finally, Bank of America cut Montrose Environmental Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $52.00 to $29.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Montrose Environmental Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

Montrose Environmental Group Profile

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.