Geode Capital Management LLC Has $13.33 Million Position in Montrose Environmental Group, Inc. (NYSE:MEG) (2025)

Posted by Defense World Staff on Apr 22nd, 2025

Geode Capital Management LLC boosted its holdings in Montrose Environmental Group, Inc. (NYSE:MEG – Free Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 718,154 shares of the company’s stock after buying an additional 1,596 shares during the quarter. Geode Capital Management LLC owned approximately 2.09% of Montrose Environmental Group worth $13,326,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings in shares of Montrose Environmental Group by 58.7% during the third quarter. Stifel Financial Corp now owns 23,521 shares of the company’s stock worth $619,000 after purchasing an additional 8,703 shares during the last quarter. State Street Corp increased its holdings in Montrose Environmental Group by 0.8% in the third quarter. State Street Corp now owns 679,871 shares of the company’s stock valued at $17,881,000 after purchasing an additional 5,687 shares during the period. Barclays PLC raised its position in Montrose Environmental Group by 375.0% during the 3rd quarter. Barclays PLC now owns 53,575 shares of the company’s stock worth $1,410,000 after purchasing an additional 42,297 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Montrose Environmental Group during the 3rd quarter worth about $295,000. Finally, Synovus Financial Corp grew its position in shares of Montrose Environmental Group by 327.3% in the 3rd quarter. Synovus Financial Corp now owns 24,388 shares of the company’s stock valued at $641,000 after buying an additional 18,681 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MEG has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on shares of Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC dropped their price target on Montrose Environmental Group from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Montrose Environmental Group presently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Get Our Latest Analysis on MEG

Montrose Environmental Group Stock Down 4.2 %

MEG opened at $13.97 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $484.26 million, a P/E ratio of -9.38 and a beta of 1.81. Montrose Environmental Group, Inc. has a fifty-two week low of $10.51 and a fifty-two week high of $49.97. The company’s 50-day moving average is $15.81 and its 200 day moving average is $19.15.

Montrose Environmental Group Profile

(Free Report)

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.

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