Montrose Environmental (MEG)

• Market cap: $584M
• 1 day: 4.10%
• 5 days: 3.02%
• 1 month: -5.07%
• 3 months: -40.91%
• 6 months: -64.03%
• Year to date: -46.68%
• 1 year: -44.99%
• 5 years: -22.59%
• 10 years: -22.59%
• Sector: Industrials
• Industry: Management Consulting Services

About: Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminant or create biogas. United States Contributes the majority of geographic revenue.

Employees: 3,480

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

79% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 43

29% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 31

5% more funds holding

Funds holding: 172 [Q2] → 181 (+9) [Q3]

0.42% less ownership

Funds ownership: 97.57% [Q2] → 97.15% (-0.42%) [Q3]

41% less capital invested

Capital invested by funds: $1.48B [Q2] → $875M (-$607M) [Q3]

42% less call options, than puts

Call options by funds: $747K | Put options by funds: $1.29M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $29 70% upside
• Avg. target: $34 98% upside
• High target: $39 129% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Needham James Ricchiuti 59% 1-year accuracy 64 / 109 met price target	129% upside $39	Buy Maintained	19 Dec 2024
Stifel Michael Hoffman 52% 1-year accuracy 13 / 25 met price target	123% upside $38	Buy Maintained	11 Dec 2024
JP Morgan Stephanie Yee 50% 1-year accuracy 2 / 4 met price target	70% upside $29	Neutral Downgraded	8 Nov 2024
B of A Securities Andrew Obin 80% 1-year accuracy 20 / 25 met price target	70% upside $29	Neutral Downgraded	6 Nov 2024