Stericycle, Inc. (SRCL) Stake Raised by State of Tennessee Treasury Department
State of Tennessee Treasury Department lifted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,321 shares of the business services provider’s stock after purchasing an additional 87 shares during the period. State of Tennessee Treasury Department’s holdings in Stericycle were worth $1,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Stericycle by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after purchasing an additional 251,061 shares during the period. BlackRock Inc. raised its stake in shares of Stericycle by 3,492.3% during the 1st quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock worth $421,877,000 after purchasing an additional 4,947,900 shares during the period. State Street Corp raised its stake in shares of Stericycle by 1.1% during the 1st quarter. State Street Corp now owns 3,470,873 shares of the business services provider’s stock worth $287,693,000 after purchasing an additional 39,382 shares during the period. FMR LLC raised its stake in shares of Stericycle by 8.2% during the 1st quarter. FMR LLC now owns 2,925,407 shares of the business services provider’s stock worth $242,486,000 after purchasing an additional 221,262 shares during the period. Finally, Fairpointe Capital LLC raised its stake in shares of Stericycle by 14.5% during the 1st quarter. Fairpointe Capital LLC now owns 2,391,424 shares of the business services provider’s stock worth $198,225,000 after purchasing an additional 302,369 shares during the period. Institutional investors own 93.58% of the company’s stock.
A number of research firms have recently commented on SRCL. BMO Capital Markets began coverage on Stericycle in a research note on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Barclays PLC reiterated an “overweight” rating and set a $100.00 target price on shares of Stericycle in a research note on Wednesday, August 9th. William Blair reiterated an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. BidaskClub upgraded Stericycle from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research cut Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Three investment 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. The company has a consensus rating of “Hold” and an average price target of $81.25.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 70.19 on Wednesday. The stock’s market cap is $5.99 billion. Stericycle, Inc. has a one year low of $68.62 and a one year high of $88.00. The company has a 50-day moving average price of $72.67 and a 200 day moving average price of $78.88.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The company had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter in the prior year, the company earned $1.18 earnings per share. Stericycle’s revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Stericycle, Inc. will post $4.60 earnings per share for the current year.
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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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