Pekin Singer Strauss Asset Management IL increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 26,325 shares of the business services provider’s stock after buying an additional 565 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Stericycle were worth $2,009,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of SRCL. Dimensional Fund Advisors LP boosted its stake in Stericycle by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 242,439 shares of the business services provider’s stock valued at $18,677,000 after buying an additional 7,191 shares in the last quarter. Teachers Advisors LLC boosted its stake in Stericycle by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 90,583 shares of the business services provider’s stock valued at $6,979,000 after buying an additional 5,332 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Stericycle by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 73,896 shares of the business services provider’s stock valued at $6,125,000 after buying an additional 2,453 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Stericycle by 5.7% in the first quarter. Raymond James Trust N.A. now owns 2,951 shares of the business services provider’s stock valued at $244,000 after buying an additional 158 shares in the last quarter. Finally, Creative Planning boosted its stake in Stericycle by 38.5% in the first quarter. Creative Planning now owns 3,483 shares of the business services provider’s stock valued at $289,000 after buying an additional 968 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stericycle, Inc. (SRCL) opened at 71.03 on Friday. The firm’s 50 day moving average is $76.45 and its 200-day moving average is $80.44. The firm’s market capitalization is $6.06 billion. Stericycle, Inc. has a one year low of $70.24 and a one year high of $88.00.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. Stericycle’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. On average, equities research analysts predict that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
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SRCL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Tuesday, April 25th. Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and cut their price target for the company from $74.00 to $73.00 in a report on Friday, May 5th. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Saturday, May 6th. Deutsche Bank AG cut their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 15th. Finally, BMO Capital Markets initiated coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $81.15.
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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