Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,220 shares of the business services provider’s stock after buying an additional 3,754 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Stericycle worth $17,952,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SRCL. RiverPoint Capital Management LLC increased its position in shares of 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 buying an additional 29 shares during the period. iAB Financial Bank increased its position in shares of Stericycle by 1.1% in the second quarter. iAB Financial Bank now owns 8,050 shares of the business services provider’s stock valued at $614,000 after buying an additional 90 shares during the period. Peddock Capital Advisors LLC increased its position in shares of Stericycle by 4.6% in the second quarter. Peddock Capital Advisors LLC now owns 11,654 shares of the business services provider’s stock valued at $889,000 after buying an additional 508 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Stericycle by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 125,648 shares of the business services provider’s stock valued at $9,589,000 after buying an additional 731 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Stericycle during the second quarter valued at $595,000. 93.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stericycle, Inc. (SRCL) opened at 71.74 on Friday. The firm’s market capitalization is $6.12 billion. The stock’s 50 day moving average price is $74.47 and its 200-day moving average price is $79.85. Stericycle, Inc. has a 12-month low of $70.24 and a 12-month high of $88.00.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $917.70 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. On average, equities analysts expect that Stericycle, Inc. will post $4.60 EPS for the current year.

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Several research analysts have weighed in on SRCL shares. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 price target on shares of Stericycle in a report on Thursday, July 13th. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a report on Wednesday, August 9th. Finally, BMO Capital Markets started coverage on Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock 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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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