Victory Capital Management Inc. raised its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,447 shares of the business services provider’s stock after purchasing an additional 2,393 shares during the period. Victory Capital Management Inc.’s holdings in Stericycle were worth $1,179,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Stericycle by 3,492.3% in the 1st quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock valued at $421,877,000 after acquiring an additional 4,947,900 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Stericycle by 144.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,901,243 shares of the business services provider’s stock valued at $157,594,000 after acquiring an additional 1,124,908 shares during the last quarter. Morgan Stanley increased its holdings in shares of Stericycle by 110.4% in the 1st quarter. Morgan Stanley now owns 625,893 shares of the business services provider’s stock valued at $51,881,000 after acquiring an additional 328,431 shares during the last quarter. Strs Ohio increased its holdings in shares of Stericycle by 26,943.3% in the 2nd quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock valued at $25,056,000 after acquiring an additional 327,092 shares during the last quarter. Finally, Fairpointe Capital LLC increased its holdings in shares of Stericycle by 14.5% in the 1st quarter. Fairpointe Capital LLC now owns 2,391,424 shares of the business services provider’s stock valued at $198,225,000 after acquiring an additional 302,369 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.
Stericycle, Inc. (SRCL) opened at 71.83 on Friday. The firm’s market cap is $6.13 billion. The stock’s 50 day moving average price is $73.13 and its 200-day moving average price is $79.17. Stericycle, Inc. has a one year low of $68.62 and a one year high of $88.00.
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. Analysts forecast that Stericycle, Inc. will post $4.60 earnings per share for the current year.
A number of equities research analysts have recently weighed in on SRCL shares. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $108.00 price objective on shares of Stericycle in a research note on Thursday, July 13th. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Wednesday, July 5th. Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Finally, BMO Capital Markets initiated coverage on Stericycle in a research note on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective for the company. 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 company. The stock has an average rating of “Hold” and an average price target of $81.25.
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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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