Heritage Trust Co purchased a new position in Stericycle, Inc. (NASDAQ:SRCL) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,500 shares of the business services provider’s stock, valued at approximately $124,000.
Several other hedge funds also recently made changes to their positions in the company. Capital Analysts LLC raised its stake in shares of Stericycle by 6.2% in the fourth quarter. Capital Analysts LLC now owns 1,294 shares of the business services provider’s stock worth $100,000 after buying an additional 76 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Stericycle during the fourth quarter worth approximately $100,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Stericycle during the third quarter worth approximately $136,000. Parallel Advisors LLC bought a new stake in shares of Stericycle during the fourth quarter worth approximately $140,000. Finally, JNBA Financial Advisors raised its stake in shares of Stericycle by 733.3% in the fourth quarter. JNBA Financial Advisors now owns 1,950 shares of the business services provider’s stock worth $150,000 after buying an additional 1,716 shares in the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.
Shares of Stericycle, Inc. (NASDAQ SRCL) traded up 0.33% during trading on Friday, reaching $78.43. 815,938 shares of the company’s stock traded hands. The stock has a market cap of $6.69 billion, a P/E ratio of 40.87 and a beta of 0.15. The company has a 50 day moving average price of $82.83 and a 200-day moving average price of $80.54. Stericycle, Inc. has a one year low of $71.52 and a one year high of $107.74.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. The firm had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Stericycle, Inc. will post $4.63 EPS for the current fiscal year.
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Several brokerages recently issued reports on SRCL. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a research report on Saturday, May 6th. Barclays PLC began coverage on shares of Stericycle in a research report on Thursday, April 13th. They set an “overweight” rating and a $100.00 target price for the company. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Stericycle from a “sell” rating to a “neutral” rating and boosted their target price for the company from $62.00 to $79.00 in a research report on Tuesday, March 7th. Finally, Robert W. Baird lowered shares of Stericycle from a “neutral” rating to an “underperform” rating and cut their target price for the company from $74.00 to $73.00 in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Stericycle has a consensus rating of “Hold” and an average target price of $82.17.
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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