World Asset Management Inc cut its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 19.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,348 shares of the business services provider’s stock after selling 1,742 shares during the period. World Asset Management Inc’s holdings in Stericycle were worth $561,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SRCL. Eads & Heald Investment Counsel boosted its stake in shares of Stericycle by 24.9% in the first quarter. Eads & Heald Investment Counsel now owns 4,198 shares of the business services provider’s stock worth $348,000 after buying an additional 836 shares during the period. Silver Heights Capital Management Inc. boosted its stake in shares of Stericycle by 2.4% in the first quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after buying an additional 6,490 shares during the period. Capital Investment Services of America Inc. boosted its stake in shares of Stericycle by 3.5% in the second quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock worth $8,593,000 after buying an additional 3,825 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Stericycle by 25.2% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 49,030 shares of the business services provider’s stock worth $4,064,000 after buying an additional 9,870 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Stericycle by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after buying an additional 251,061 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 75.06 on Thursday. The stock has a 50 day moving average of $76.76 and a 200-day moving average of $80.57. The stock has a market capitalization of $6.40 billion, a PE ratio of 39.11 and a beta of 0.13. Stericycle, Inc. has a one year low of $71.52 and a one year high of $88.68.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same period last year, the firm posted $1.18 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on SRCL shares. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reduced their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $74.00 to $73.00 in a research report on Friday, May 5th. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price target on shares of Stericycle in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. 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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