Stericycle, Inc. (SRCL) Stake Held by Shell Asset Management Co.
Shell Asset Management Co. continued to hold its position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, Holdings Channel reports. The fund owned 5,970 shares of the business services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Stericycle were worth $456,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in Stericycle by 3,492.3% in the first quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock worth $421,877,000 after buying an additional 4,947,900 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Stericycle by 144.9% in the first quarter. Ameriprise Financial Inc. now owns 1,901,243 shares of the business services provider’s stock valued at $157,594,000 after buying an additional 1,124,908 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Stericycle during the first quarter valued at approximately $43,949,000. Wells Fargo & Company MN increased its position in shares of Stericycle by 25.5% in the first quarter. Wells Fargo & Company MN now owns 1,956,193 shares of the business services provider’s stock valued at $162,149,000 after buying an additional 398,076 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Stericycle by 32.7% in the first quarter. Jennison Associates LLC now owns 1,417,498 shares of the business services provider’s stock valued at $117,496,000 after buying an additional 349,371 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.
Stericycle, Inc. (NASDAQ:SRCL) opened at 71.95 on Tuesday. The stock’s 50 day moving average is $76.31 and its 200 day moving average is $80.36. The company’s market capitalization is $6.14 billion. Stericycle, Inc. has a one year low of $70.24 and a one year high of $88.00.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The company had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. Stericycle’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. On average, analysts anticipate that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
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Several research firms have issued reports on SRCL. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, April 25th. Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $74.00 to $73.00 in a report on Friday, May 5th. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a report on Saturday, May 6th. Deutsche Bank AG reduced their price objective on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 15th. Finally, BMO Capital Markets began coverage on Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Stericycle presently has a consensus rating of “Hold” and an average target price of $81.15.
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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