Montrose EnvironmentalMEG
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
26% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 31
5% more funds holding
Funds holding: 172 [Q2] → 180 (+8) [Q3]
0.45% less ownership
Funds ownership: 97.57% [Q2] → 97.11% (-0.45%) [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
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Stephanie Yee 33% 1-year accuracy 1 / 3 met price target | 54%upside $29 | Neutral Downgraded | 8 Nov 2024 |
Needham James Ricchiuti 69% 1-year accuracy 74 / 108 met price target | 133%upside $44 | Buy Maintained | 8 Nov 2024 |
B of A Securities Andrew Obin 92% 1-year accuracy 22 / 24 met price target | 54%upside $29 | Neutral Downgraded | 6 Nov 2024 |
Needham James Ricchiuti 69% 1-year accuracy 74 / 108 met price target | 186%upside $54 | Buy Reiterated | 16 Oct 2024 |
Needham James Ricchiuti 69% 1-year accuracy 74 / 108 met price target | 186%upside $54 | Buy Reiterated | 3 Oct 2024 |
Financial journalist opinion
Based on 6 articles about MEG published over the past 30 days
