BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Stericycle, Inc. (NASDAQ:SRCL) by 46.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,917 shares of the business services provider’s stock after buying an additional 12,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Stericycle were worth $2,894,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of SRCL. HighTower Advisors LLC boosted its position in shares of Stericycle by 0.5% in the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock worth $627,000 after buying an additional 41 shares during the period. Morgan Dempsey Capital Management LLC boosted its position in shares of Stericycle by 2.6% in 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 during the period. Pacer Advisors Inc. boosted its position in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Stericycle by 1.2% in the first quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock worth $436,000 after buying an additional 60 shares during the period. Finally, West Oak Capital LLC boosted its position in shares of Stericycle by 0.7% in the second quarter. West Oak Capital LLC now owns 12,501 shares of the business services provider’s stock worth $954,000 after buying an additional 86 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 71.41 on Friday. Stericycle, Inc. has a 1-year low of $70.24 and a 1-year high of $88.00. The firm’s 50-day moving average is $75.10 and its 200-day moving average is $80.02. The company’s market capitalization is $6.09 billion.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share 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%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Analysts forecast that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on the stock. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a research report on Saturday, May 6th. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Barclays PLC reissued an “overweight” rating and set a $100.00 price target on shares of Stericycle in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $74.00 to $73.00 in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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