Stephens Inc. AR decreased its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 71.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,891 shares of the business services provider’s stock after selling 15,072 shares during the quarter. Stephens Inc. AR’s holdings in Stericycle were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Cipher Capital LP purchased a new stake in Stericycle in the second quarter worth $2,600,000. Silver Heights Capital Management Inc. lifted its stake in Stericycle by 2.4% in the first quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after acquiring an additional 6,490 shares during the period. Capital Investment Services of America Inc. lifted its stake in Stericycle by 3.5% in the second quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock worth $8,593,000 after acquiring an additional 3,825 shares during the period. Vanguard Group Inc. lifted its stake in Stericycle by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after acquiring an additional 251,061 shares during the period. Finally, Legal & General Group Plc lifted its stake in Stericycle by 3.0% in the second quarter. Legal & General Group Plc now owns 378,427 shares of the business services provider’s stock worth $28,883,000 after acquiring an additional 11,109 shares during the period. 93.58% of the stock is owned by institutional investors.
Shares of Stericycle, Inc. (SRCL) opened at 70.19 on Wednesday. The company’s market capitalization is $5.99 billion. The company has a 50-day moving average price of $72.67 and a 200 day moving average price of $78.88. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
A number of brokerages recently commented on SRCL. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Jefferies Group LLC set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a research note on Friday, August 11th. Barclays PLC reaffirmed an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a research note on Wednesday, August 9th. Zacks Investment Research lowered Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub lowered Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $81.25.
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Stericycle Company Profile
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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