Credit Agricole S A raised its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 9.4% during the first quarter, Holdings Channel reports. The institutional investor owned 81,012 shares of the business services provider’s stock after buying an additional 6,991 shares during the period. Credit Agricole S A owned approximately 0.10% of Stericycle worth $6,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Steinberg Global Asset Management raised its position in shares of Stericycle by 8.5% in the third quarter. Steinberg Global Asset Management now owns 5,307 shares of the business services provider’s stock valued at $425,000 after buying an additional 417 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Stericycle by 3,072.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,294,533 shares of the business services provider’s stock valued at $504,444,000 after buying an additional 6,096,128 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Stericycle during the fourth quarter valued at about $11,619,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Stericycle by 46.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,799 shares of the business services provider’s stock valued at $601,000 after buying an additional 2,486 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Stericycle by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 124,615 shares of the business services provider’s stock valued at $9,600,000 after buying an additional 427 shares in the last quarter. 94.49% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Stericycle Inc (SRCL) traded up 0.04% during mid-day trading on Friday, reaching $79.01. The company’s stock had a trading volume of 754,936 shares. Stericycle Inc has a one year low of $71.52 and a one year high of $107.74. The stock’s 50 day moving average is $83.91 and its 200 day moving average is $80.48. The firm has a market cap of $6.74 billion, a PE ratio of 41.17 and a beta of 0.08.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, May 4th. The business services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. Stericycle had a return on equity of 15.33% and a net margin of 7.52%. The business had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Stericycle Inc will post $4.63 EPS for the current year.

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SRCL has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $108.00 target price on shares of Stericycle in a research report on Thursday, February 16th. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a research note on Saturday, February 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Stericycle in a research note on Monday, February 20th. Barrington Research boosted their price target on Stericycle from $84.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, Goldman Sachs Group Inc upgraded Stericycle from a “sell” rating to a “neutral” rating and boosted their price target for the company from $62.00 to $79.00 in a research note on Tuesday, March 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and a consensus price target of $82.17.

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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