Montrose EnvironmentalMEG
Market Cap: $991M
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: 3,380
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,605% more call options, than puts
Call options by funds: $1.67M | Put options by funds: $98K
95% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 39
39% more capital invested
Capital invested by funds: $1.05B [Q1] → $1.46B (+$408M) [Q2]
16% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 32
7.64% more ownership
Funds ownership: 88.23% [Q1] → 95.87% (+7.64%) [Q2]
3% more funds holding
Funds holding: 167 [Q1] → 172 (+5) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Evercore ISI Group Durgesh Chopra 74% 1-year accuracy 14 / 19 met price target | 48%upside $43 | Outperform Initiated | 14 Aug 2024 |
Needham James Ricchiuti 59% 1-year accuracy 64 / 108 met price target | 86%upside $54 | Buy Reiterated | 8 Aug 2024 |
Needham James Ricchiuti 59% 1-year accuracy 64 / 108 met price target | 86%upside $54 | Buy Reiterated | 15 Jul 2024 |