Dynamic Technology Lab Private Ltd bought a new stake in Stericycle, Inc. (NASDAQ:SRCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,549 shares of the business services provider’s stock, valued at approximately $728,000.
Several other institutional investors and hedge funds have also bought and sold shares of SRCL. BlackRock Inc. lifted 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 buying an additional 4,947,900 shares during the period. Schroder Investment Management Group acquired a new position in Stericycle during the second quarter worth $80,497,000. Thompson Siegel & Walmsley LLC acquired a new position in Stericycle during the second quarter worth $33,710,000. Morgan Stanley increased its position in Stericycle by 110.4% during the first quarter. Morgan Stanley now owns 625,893 shares of the business services provider’s stock worth $51,881,000 after buying an additional 328,431 shares in the last quarter. Finally, Strs Ohio increased its position in Stericycle by 26,943.3% during the second quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock worth $25,056,000 after buying an additional 327,092 shares in the last quarter. 94.25% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target for the company. Barclays PLC reissued an “overweight” rating and set a $100.00 price target on shares of Stericycle in a research report on Wednesday, August 9th. William Blair restated an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. BidaskClub upgraded Stericycle from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Stericycle currently has a consensus rating of “Hold” and an average price target of $81.25.
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Shares of Stericycle, Inc. (NASDAQ:SRCL
) traded down 1.85% during trading on Friday, reaching $70.45. The company had a trading volume of 145,038 shares. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The firm has a 50-day moving average of $71.23 and a 200-day moving average of $76.90. The company’s market cap is $6.01 billion.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $917.70 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. On average, equities research analysts anticipate that Stericycle, Inc. will post $4.59 EPS for the current year.
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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