Migdal Insurance & Financial Holdings Ltd. Boosts Position in Stericycle, Inc. (SRCL)
Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stericycle, Inc. (NASDAQ:SRCL) by 4,196.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 62,302 shares of the business services provider’s stock after purchasing an additional 60,852 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned about 0.07% of Stericycle worth $4,755,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in Stericycle in the 1st quarter valued at approximately $100,000. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 145 shares during the last quarter. Invictus RG acquired a new stake in Stericycle in the 1st quarter valued at approximately $145,000. Ameritas Investment Partners Inc. acquired a new stake in Stericycle in the 1st quarter valued at approximately $169,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings 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 purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Stericycle, Inc. (SRCL) traded down 0.08% during trading on Friday, hitting $71.58. 674,569 shares of the company’s stock traded hands. The stock’s market cap is $6.11 billion. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The firm’s 50-day moving average price is $71.29 and its 200 day moving average price is $77.91.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter last year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts anticipate that Stericycle, Inc. will post $4.59 earnings per share for the current fiscal year.
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Several analysts recently weighed in on SRCL shares. BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price for the company. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 target price on shares of Stericycle in a report on Thursday, July 13th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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