Olstein Capital Management L.P. increased its stake in Stericycle, Inc. (NASDAQ:SRCL) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,835 shares of the business services provider’s stock after buying an additional 12,635 shares during the period. Stericycle comprises about 1.5% of Olstein Capital Management L.P.’s portfolio, making the stock its 13th largest position. Olstein Capital Management L.P.’s holdings in Stericycle were worth $11,970,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SRCL. State of Wisconsin Investment Board increased its position in Stericycle by 4.1% in the second quarter. State of Wisconsin Investment Board now owns 340,489 shares of the business services provider’s stock valued at $25,986,000 after buying an additional 13,460 shares during the last quarter. Morningstar Investment Services LLC increased its position in Stericycle by 32.9% in the second quarter. Morningstar Investment Services LLC now owns 78,919 shares of the business services provider’s stock valued at $6,023,000 after buying an additional 19,524 shares during the last quarter. LMR Partners LLP increased its position in Stericycle by 78.4% in the second quarter. LMR Partners LLP now owns 9,712 shares of the business services provider’s stock valued at $741,000 after buying an additional 4,269 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Stericycle by 46.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,917 shares of the business services provider’s stock valued at $2,894,000 after buying an additional 12,000 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Stericycle by 3.2% in the second quarter. Advisors Asset Management Inc. now owns 10,716 shares of the business services provider’s stock valued at $818,000 after buying an additional 333 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 71.95 on Tuesday. The company’s market cap is $6.14 billion. Stericycle, Inc. has a 1-year low of $70.24 and a 1-year high of $88.00. The company has a 50-day moving average of $76.31 and a 200-day moving average of $80.36.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $902.81 million. During the same period last year, the firm earned $1.18 earnings per share. Stericycle’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Stericycle, Inc. will post $4.60 EPS for the current year.

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Several research firms have recently issued reports on SRCL. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the stock a “buy” rating in a report on Friday. Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets began coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.15.

About Stericycle

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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