Sumitomo Mitsui Asset Management Company LTD Continues to Hold Position in Stericycle, Inc. (SRCL)
Sumitomo Mitsui Asset Management Company LTD maintained its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,276 shares of the business services provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Stericycle were worth $555,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Stericycle during the first quarter worth approximately $100,000. Heritage Trust Co purchased a new stake in shares of Stericycle during the first quarter worth approximately $124,000. Pacer Advisors Inc. increased its stake in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. Invictus RG purchased a new stake in shares of Stericycle during the first quarter worth approximately $145,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.
Stericycle, Inc. (SRCL) opened at 75.06 on Thursday. Stericycle, Inc. has a 52-week low of $71.52 and a 52-week high of $88.68. The company has a market cap of $6.40 billion, a P/E ratio of 39.11 and a beta of 0.13. The company’s 50 day moving average price is $76.76 and its 200 day moving average price is $80.57.
Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. During the same period in the prior year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.
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A number of brokerages have commented on SRCL. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a research report on Saturday, May 6th. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research report on Wednesday. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a research report on Monday. Finally, 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 research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Stericycle presently has an average 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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