Stericycle, Inc. (SRCL) Shares Sold by State Street Corp

State Street Corp cut its stake in Stericycle, Inc. (NASDAQ:SRCL) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,422,696 shares of the business services provider’s stock after selling 48,177 shares during the period. State Street Corp owned 4.01% of Stericycle worth $261,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Stericycle during the first quarter valued at approximately $100,000. Pacer Advisors Inc. lifted its holdings in shares of Stericycle by 8.4% during the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 145 shares during the last quarter. Invictus RG purchased a new position in shares of Stericycle during the first quarter valued at approximately $145,000. Ameritas Investment Partners Inc. purchased a new position in shares of Stericycle during the first quarter valued at approximately $169,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Stericycle by 8.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.

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Shares of Stericycle, Inc. (SRCL) opened at 70.07 on Tuesday. Stericycle, Inc. has a 12 month low of $68.62 and a 12 month high of $88.00. The company’s market cap is $5.98 billion. The stock’s 50 day moving average is $71.20 and its 200-day moving average is $77.45.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million for 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, equities analysts forecast that Stericycle, Inc. will post $4.59 EPS for the current year.

Several equities analysts have recently issued reports on SRCL shares. BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $108.00 price objective on shares of Stericycle in a report on Thursday, July 13th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Barclays PLC restated an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $81.25.

Stericycle 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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