Bright Rock Capital Management LLC Has $5,571,000 Stake in Stericycle, Inc. (NASDAQ:SRCL)
Bright Rock Capital Management LLC held its position in Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, Holdings Channel reports. The firm owned 73,000 shares of the business services provider’s stock at the end of the second quarter. Stericycle comprises approximately 1.6% of Bright Rock Capital Management LLC’s portfolio, making the stock its 22nd largest position. Bright Rock Capital Management LLC’s holdings in Stericycle were worth $5,571,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its position in 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 in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in 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 in the last quarter. Pacer Advisors Inc. boosted its position in 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 in the last quarter. OppenheimerFunds Inc. boosted its position in 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 in the last quarter. Finally, West Oak Capital LLC boosted its position in 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 in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.
Stericycle, Inc. (SRCL) opened at 75.06 on Thursday. The company has a market capitalization of $6.40 billion, a PE ratio of 39.11 and a beta of 0.13. Stericycle, Inc. has a 52-week low of $71.52 and a 52-week high of $88.68. The firm’s 50-day moving average is $76.76 and its 200-day moving average is $80.57.
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, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities research analysts forecast that Stericycle, Inc. will post $4.60 EPS for the current year.
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Several equities analysts recently weighed in on the stock. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a research note on Saturday, May 6th. Barclays PLC reissued an “overweight” rating and issued a $100.00 target price on shares of Stericycle in a research note on Wednesday. BMO Capital Markets assumed coverage on shares of Stericycle in a research note on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price for the company. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.15.
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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