BerganKDV Wealth Management LLC decreased its position in Stericycle, Inc. (NASDAQ:SRCL) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,550 shares of the business services provider’s stock after selling 760 shares during the period. BerganKDV Wealth Management LLC’s holdings in Stericycle were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRCL. Dimensional Fund Advisors LP increased its position in Stericycle by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 242,439 shares of the business services provider’s stock worth $18,677,000 after buying an additional 7,191 shares in the last quarter. Federated Investors Inc. PA increased its position in Stericycle by 31.1% in the fourth quarter. Federated Investors Inc. PA now owns 2,259 shares of the business services provider’s stock worth $174,000 after buying an additional 536 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in Stericycle during the fourth quarter worth about $267,000. Quadrature Capital Ltd purchased a new position in Stericycle during the fourth quarter worth about $6,297,000. Finally, Pekin Singer Strauss Asset Management IL bought a new position in shares of Stericycle during the fourth quarter valued at $1,980,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.

Stericycle, Inc. (NASDAQ SRCL) traded down 1.07% during mid-day trading on Monday, hitting $75.48. The stock had a trading volume of 423,467 shares. The company has a 50-day moving average of $80.67 and a 200-day moving average of $80.83. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 39.33 and a beta of 0.14. Stericycle, Inc. has a 12-month low of $71.52 and a 12-month high of $107.74.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The business had revenue of $892.40 million during the quarter, compared to analyst estimates of $874.34 million. During the same period in the prior year, the company posted $1.11 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Stericycle, Inc. will post $4.62 earnings per share for the current fiscal year.

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Several research analysts have weighed in on SRCL shares. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 target price on shares of Stericycle in a research note on Thursday, March 30th. Barclays PLC started coverage on Stericycle in a research note on Thursday, April 13th. They issued an “overweight” rating and a $100.00 target price on the stock. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, April 25th. Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $74.00 to $73.00 in a research note on Friday, May 5th. Finally, Deutsche Bank AG lowered their target price on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.15.

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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