Numeric Investors LLC purchased a new position in shares of Stericycle, Inc. (NASDAQ:SRCL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,300 shares of the business services provider’s stock, valued at approximately $1,015,000.
Several other hedge funds also recently modified their holdings of SRCL. Kernodle & Katon Asset Management Group LLC purchased a new position in Stericycle in the 1st quarter valued at approximately $100,000. Pacer Advisors Inc. grew its stake in Stericycle by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after buying an additional 145 shares in the last quarter. Invictus RG purchased a new position in Stericycle in the 1st quarter valued at approximately $145,000. Ameritas Investment Partners Inc. purchased a new position in Stericycle in the 1st quarter valued at approximately $169,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Stericycle by 8.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock valued at $194,000 after buying an additional 200 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.
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Stericycle, Inc. (NASDAQ SRCL) opened at 70.80 on Wednesday. Stericycle, Inc. has a one year low of $68.62 and a one year high of $88.00. The company’s market capitalization is $6.04 billion. The firm has a 50-day moving average of $71.26 and a 200 day moving average of $77.68.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ 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 negative net margin of 0.07% and a positive return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. On average, equities analysts forecast that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. William Blair reiterated an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the company a “buy” rating in a research note on Friday, August 11th. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.25.
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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