Montrose Environmental (MEG)

Advanced GeoServices Corp. • AirKinetics, Inc. • CTEH Government Services, LLC • CTEH IT Services, LLC • CTEH Leasing, LLC • CTEH Properties, LLC • Emerging Compounds Treatment Technologies, Inc. • Enthalpy Analytical, LLC • Environmental Alliance, Inc. • Environmental Intelligence, LLC ...

IRS number

464195044

MEG stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$33.75

Low target

$29.00

High target

$39.00

Latest filings (excl ownership)

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7 Nov 24

Results of Operations and Financial Condition

6 Nov 24

8-K

Amendments to Articles of Incorporation or Bylaws

14 May 24

8-K

Montrose Environmental Group Announces First Quarter 2024 Results

7 May 24

DEFA14A

Additional proxy soliciting materials

Prospectus supplement for primary offering

19 Apr 24

424B5

Prospectus supplement for primary offering

16 Apr 24

S-3ASR

Automatic shelf registration

16 Apr 24

8-K

Montrose Environmental Group Acquires ETA and Announces Increase to 2024 Revenue and Consolidated Adjusted EBITDA Outlook

2 Apr 24

Transcripts

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MEG

Earnings call transcript

2024 Q2

7 Aug 24

MEG

Earnings call transcript

2024 Q1

8 May 24

MEG

Earnings call transcript

2023 Q4

29 Feb 24

MEG

Earnings call transcript

2023 Q3

8 Nov 23

MEG

Earnings call transcript

2023 Q2

9 Aug 23

MEG

Earnings call transcript

2023 Q1

9 May 23

MEG

Earnings call transcript

2022 Q4

1 Mar 23

MEG

Earnings call transcript

2022 Q3

13 Nov 22

MEG

Earnings call transcript

2022 Q2

15 Aug 22

MEG

Earnings call transcript

2022 Q1

14 May 22

Latest ownership filings

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SC 13G

MILLENNIUM MANAGEMENT LLC

Notice of proposed sale of securities

UBS ASSET MANAGEMENT AMERICAS INC

13 Feb 24

SC 13G/A

Capital Research Global Investors

9 Feb 24

Financial summary

Financial statements Chart MEG financial data

Quarter (USD)	Sep 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.05 mm	13.05 mm	13.05 mm	13.05 mm	13.05 mm	13.05 mm
Cash burn (monthly)	4.30 mm	5.31 mm	3.07 mm	2.61 mm	(no burn)	(no burn)
Cash used (since last report)	11.98 mm	14.80 mm	8.54 mm	7.27 mm	n/a	n/a
Cash remaining	1.07 mm	-1.76 mm	4.50 mm	5.77 mm	n/a	n/a
Runway (months of cash)	0.2	-0.3	1.5	2.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MEG institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	180	175	+2.9%
Opened positions	38	39	-2.6%
Closed positions	33	31	+6.5%
Increased positions	78	76	+2.6%
Reduced positions	42	39	+7.7%

13F shares	Current	Prev Q	Change
Total value	840.05 bn	1.37 tn	-38.8%
Total shares	35.12 mm	33.77 mm	+4.0%
Total puts	48.60 k	2.10 k	+2214.3%
Total calls	28.00 k	37.40 k	-25.1%
Total put/call ratio	1.7	0.1	+2991.2%

Largest owners	Shares	Value	Change
BLK BlackRock	2.62 mm	$68.78 bn	NEW
Ubs Global Asset Management Americas	2.21 mm	$58.23 bn	-6.4%
Fred Alger Management	1.87 mm	$49.09 bn	+33.7%
Alger Associates	1.87 mm	$51.61 mm	+71.5%
Vanguard	1.79 mm	$47.11 bn	+2.3%
BAC Bank of America	1.28 mm	$33.64 bn	+46.2%
Bamco	1.24 mm	$32.68 bn	+7.4%
TFC Truist Financial	1.11 mm	$29.07 bn	+0.2%
FHI Federated Hermes	1.04 mm	$27.31 bn	-18.3%
Millennium Management	945.05 k	$24.85 bn	+995.2%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	2.62 mm	+2.62 mm	NEW
BLK BlackRock	0.00	-2.52 mm	EXIT
Champlain Investment Partners	0.00	-1.35 mm	EXIT
Driehaus Capital Management	0.00	-1.15 mm	EXIT
Millennium Management	945.05 k	+858.77 k	+995.2%
Alger Associates	1.87 mm	+778.41 k	+71.5%
Loomis Sayles & Co L P	0.00	-748.55 k	EXIT
Fred Alger Management	1.87 mm	+470.71 k	+33.7%
Alyeska Investment	549.50 k	+406.62 k	+284.6%
BAC Bank of America	1.28 mm	+404.36 k	+46.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MEG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Nov 24	Presby J Thomas	Common Stock	Grant	Acquire A	Yes	No	19.77	5,000	98.85 k	52,255
20 Aug 24	Jose Revuelta	Common Stock	Option exercise	Acquire M	No	No	5.72	30,000	171.60 k	315,498
20 Aug 24	Jose Revuelta	Stock Option Common Stock	Option exercise	Dispose M	No	No	5.72	30,000	171.60 k	0
19 Aug 24	Jose Revuelta	Common Stock	Option exercise	Acquire M	No	No	5.72	20,000	114.40 k	285,498
19 Aug 24	Jose Revuelta	Stock Option Common Stock	Option exercise	Dispose M	No	No	5.72	20,000	114.40 k	30,000
13 May 24	Allan Dicks	Common Stock	Option exercise	Acquire M	No	No	24	8,332	199.97 k	272,456
13 May 24	Allan Dicks	Stock Option Common Stock	Option exercise	Dispose M	No	No	24	8,332	199.97 k	12,128
6 May 24	Vijay Manthripragada	Common Stock	Sell	Dispose S	No	No	47.01	100	4.70 k	316,637
6 May 24	Vijay Manthripragada	Common Stock	Sell	Dispose S	No	No	46.507	12,400	576.69 k	316,737
1 Jan 24	Janet Risi Field	Common Stock	Grant	Acquire A	No	No	0	3,423	0.00	17,929