Stericycle, Inc. (SRCL) Holdings Raised by Gotham Asset Management LLC
Gotham Asset Management LLC raised its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 168.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,558 shares of the business services provider’s stock after acquiring an additional 169,887 shares during the period. Gotham Asset Management LLC owned approximately 0.32% of Stericycle worth $20,649,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Stericycle during the first quarter valued at about $100,000. Pacer Advisors Inc. increased its position in shares of Stericycle by 3.3% during the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 55 shares during the last quarter. Invictus RG acquired a new stake in shares of Stericycle during the first quarter valued at about $145,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Stericycle during the first quarter valued at about $169,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Stericycle during the second quarter valued at about $223,000. Institutional investors and hedge funds own 93.58% of the company’s stock.
A number of equities research analysts have weighed in on SRCL shares. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $108.00 price objective on shares of Stericycle in a report on Thursday, July 13th. Barclays PLC restated an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Finally, BMO Capital Markets began coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective for the company. 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 stock. Stericycle currently has a consensus rating of “Hold” and an average target price of $81.25.
Stericycle, Inc. (NASDAQ:SRCL) traded up 0.08% on Friday, reaching $71.70. 143,305 shares of the company’s stock traded hands. Stericycle, Inc. has a 52 week low of $68.62 and a 52 week high of $88.00. The stock has a 50-day moving average of $71.27 and a 200 day moving average of $77.99. The firm’s market capitalization is $6.12 billion.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same quarter last year, the firm posted $1.18 earnings per share. Stericycle’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.
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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