Global Thematic Partners LLC cut its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 835,477 shares of the business services provider’s stock after selling 16,794 shares during the period. Stericycle comprises approximately 2.1% of Global Thematic Partners LLC’s holdings, making the stock its 20th largest position. Global Thematic Partners LLC owned 0.98% of Stericycle worth $63,766,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SRCL. Teachers Advisors LLC increased its stake in shares of 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. Creative Planning increased its stake in shares of 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. Gulf International Bank UK Ltd increased its stake in shares of Stericycle by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 25,782 shares of the business services provider’s stock valued at $2,137,000 after buying an additional 300 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Stericycle by 25.2% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 49,030 shares of the business services provider’s stock valued at $4,064,000 after buying an additional 9,870 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Stericycle by 220.8% in the first quarter. Rice Hall James & Associates LLC now owns 28,486 shares of the business services provider’s stock valued at $2,361,000 after buying an additional 19,606 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.
Stericycle, Inc. (NASDAQ SRCL) traded down 0.49% on Friday, hitting $70.70. The company had a trading volume of 633,268 shares. The firm has a 50-day moving average price of $75.61 and a 200-day moving average price of $80.16. Stericycle, Inc. has a 12-month low of $70.24 and a 12-month high of $88.00. The firm’s market capitalization is $6.03 billion.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same period last year, the firm posted $1.18 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
SRCL has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, April 25th. Robert W. Baird downgraded shares of Stericycle from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $74.00 to $73.00 in a research note on Friday, May 5th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a research note on Saturday, May 6th. Deutsche Bank AG reduced their target price on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Finally, BMO Capital Markets initiated coverage on shares of Stericycle in a research note on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price on the stock. Four 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. The company currently has a consensus rating of “Hold” and a consensus price target of $81.15.
About Stericycle
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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