KBC Group NV increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 521.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 45,292 shares of the business services provider’s stock after buying an additional 38,000 shares during the period. KBC Group NV owned 0.05% of Stericycle worth $3,456,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in SRCL. HighTower Advisors LLC boosted its stake 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 valued at $627,000 after buying an additional 41 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake 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 valued at $158,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. boosted its stake 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 valued at $144,000 after buying an additional 55 shares during the period. OppenheimerFunds Inc. boosted its stake 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 valued at $436,000 after buying an additional 60 shares during the period. Finally, West Oak Capital LLC boosted its stake 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 valued at $954,000 after buying an additional 86 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 71.72 on Friday. The stock has a 50 day moving average price of $75.00 and a 200-day moving average price of $80.00. Stericycle, Inc. has a 52-week low of $70.24 and a 52-week high of $88.00. The firm’s market cap is $6.12 billion.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS. On average, equities analysts anticipate that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.
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Several analysts have issued reports on the company. Jefferies Group LLC set a $108.00 target price on Stericycle and gave the company a “buy” rating in a research report on Saturday, May 6th. BMO Capital Markets assumed coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $100.00 target price on shares of Stericycle in a research report on Wednesday, August 9th. BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Stericycle presently 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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