Stericycle, Inc. (SRCL) Position Raised by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,851 shares of the business services provider’s stock after buying an additional 13,653 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.27% of Stericycle worth $17,390,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Stericycle by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock worth $483,000 after purchasing an additional 24 shares during the last quarter. RiverPoint Capital Management LLC raised its stake in Stericycle by 0.6% in the second quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 29 shares in the last quarter. HighTower Advisors LLC raised its stake in Stericycle by 0.5% in the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock valued at $627,000 after purchasing an additional 41 shares in the last quarter. Pacer Advisors Inc. lifted its position in 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 purchasing an additional 55 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in Stericycle by 1.2% during the first quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 60 shares during the last quarter. 93.58% of the stock is owned by institutional investors.
Stericycle, Inc. (NASDAQ:SRCL) opened at 72.66 on Tuesday. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The stock’s market cap is $6.20 billion. The firm’s 50 day moving average price is $71.31 and its 200-day moving average price is $78.18.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Equities research analysts anticipate that Stericycle, Inc. will post $4.59 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. William Blair reissued an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets started coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $100.00 price target on shares of Stericycle in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.25.
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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