PNC Financial Services Group Inc. lowered its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 36.7% during the first quarter, Holdings Channel reports. The fund owned 41,695 shares of the business services provider’s stock after selling 24,123 shares during the period. PNC Financial Services Group Inc.’s holdings in Stericycle were worth $3,457,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SRCL. Pacad Investment Ltd. acquired a new position in shares of Stericycle during the fourth quarter worth $100,000. Heritage Trust Co acquired a new position in shares of Stericycle during the first quarter worth $124,000. Parallel Advisors LLC acquired a new position in shares of Stericycle during the fourth quarter worth $140,000. Pacer Advisors Inc. raised its position in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of 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 worth $158,000 after buying an additional 48 shares in the last quarter. Institutional investors own 96.61% of the company’s stock.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Stericycle, Inc. (NASDAQ:SRCL) traded up 0.33% during trading on Friday, hitting $78.43. 815,938 shares of the stock were exchanged. The company has a 50-day moving average price of $82.83 and a 200 day moving average price of $80.54. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 40.87 and a beta of 0.15. Stericycle, Inc. has a 1-year low of $71.52 and a 1-year high of $107.74.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $892.40 million during the quarter, compared to the consensus estimate of $874.34 million. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. Equities analysts predict that Stericycle, Inc. will post $4.63 earnings per share for the current fiscal year.

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SRCL has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $108.00 target price on shares of Stericycle in a research report on Thursday, March 30th. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, April 25th. Deutsche Bank AG cut their target price on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Stericycle in a research report on Monday, February 20th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Stericycle from a “sell” rating to a “neutral” rating and increased their target price for the stock from $62.00 to $79.00 in a research report on Tuesday, March 7th. Three equities research 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. Stericycle currently has an average rating of “Hold” and an average price target of $82.17.

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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