Pacer Advisors Inc. increased its stake in Stericycle, Inc. (NASDAQ:SRCL) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the business services provider’s stock after acquiring an additional 145 shares during the period. Pacer Advisors Inc.’s holdings in Stericycle were worth $143,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Stericycle in the first quarter valued at approximately $100,000. Heritage Trust Co bought a new stake in Stericycle during the first quarter worth approximately $124,000. Invictus RG bought a new stake in Stericycle during the first quarter worth approximately $145,000. Morgan Dempsey Capital Management LLC boosted its holdings in Stericycle by 2.6% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Stericycle during the first quarter worth approximately $169,000. Institutional investors and hedge funds own 93.58% of the company’s stock.
A number of brokerages recently weighed in on SRCL. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets began coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Barclays PLC restated an “overweight” rating and set a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.25.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 71.00 on Tuesday. The company has a 50 day moving average of $72.86 and a 200 day moving average of $78.95. Stericycle, Inc. has a 12 month low of $68.62 and a 12 month high of $88.00. The stock’s market cap is $6.06 billion.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
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Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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