Parisi Gray Wealth Management Purchases Shares of 1,167 Stericycle, Inc. (NASDAQ:SRCL)

Parisi Gray Wealth Management purchased a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,167 shares of the business services provider’s stock, valued at approximately $83,000.

A number of other hedge funds also recently made changes to their positions in SRCL. Russell Investments Group Ltd. grew its holdings in Stericycle by 10.8% during the first quarter. Russell Investments Group Ltd. now owns 46,181 shares of the business services provider’s stock valued at $3,111,000 after purchasing an additional 4,494 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Stericycle by 62.5% in the first quarter. Panagora Asset Management Inc. now owns 6,210 shares of the business services provider’s stock worth $419,000 after acquiring an additional 2,388 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Stericycle by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 1,741,542 shares of the business services provider’s stock worth $117,571,000 after acquiring an additional 362,393 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Stericycle by 2.8% in the first quarter. Geode Capital Management LLC now owns 1,158,377 shares of the business services provider’s stock worth $78,202,000 after acquiring an additional 31,496 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Stericycle by 9.1% in the first quarter. Northern Trust Corp now owns 1,140,164 shares of the business services provider’s stock worth $76,973,000 after acquiring an additional 95,048 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

SRCL opened at $67.94 on Thursday. Stericycle, Inc. has a fifty-two week low of $61.63 and a fifty-two week high of $79.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $68.20 and its two-hundred day moving average price is $71.01. The company has a market capitalization of $6.23 billion, a P/E ratio of 283.08, a P/E/G ratio of 2.71 and a beta of 1.40.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Friday, August 6th. The business services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.02). Stericycle had a return on equity of 9.99% and a net margin of 0.86%. The business had revenue of $672.70 million for the quarter, compared to analyst estimates of $668.66 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Stericycle, Inc. will post 2.56 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Barrington Research restated a “hold” rating on shares of Stericycle in a research note on Wednesday, August 18th. Zacks Investment Research downgraded shares of Stericycle from a “hold” rating to a “sell” rating and set a $72.00 price objective on the stock. in a research note on Friday, October 8th. Finally, TheStreet downgraded shares of Stericycle from a “b-” rating to a “c” rating in a research note on Wednesday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.00.

Stericycle Profile

Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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