River & Mercantile Asset Management LLP lifted its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 12.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,437 shares of the business services provider’s stock after purchasing an additional 7,491 shares during the period. River & Mercantile Asset Management LLP’s holdings in Stericycle were worth $4,016,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in SRCL. Zions Bancorporation purchased a new position in shares of Stericycle during the third quarter valued at $130,000. Dupont Capital Management Corp grew its holdings in shares of Stericycle by 102.2% during the second quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,056 shares in the last quarter. Pflug Koory LLC grew its holdings in shares of Stericycle by 106.6% during the third quarter. Pflug Koory LLC now owns 2,810 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,450 shares in the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Stericycle by 285.0% during the second quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,995 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Stericycle during the second quarter valued at $210,000. 96.58% of the stock is currently owned by institutional investors.
Shares of NASDAQ SRCL opened at $43.93 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93. Stericycle Inc has a one year low of $43.40 and a one year high of $76.73. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.18 and a beta of 0.51.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, November 1st. The business services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. The firm had revenue of $854.90 million for the quarter, compared to the consensus estimate of $856.36 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Stericycle Inc will post 4.37 EPS for the current fiscal year.
A number of research analysts have recently weighed in on the company. Northcoast Research reiterated a “neutral” rating on shares of Stericycle in a report on Friday, October 12th. BidaskClub downgraded Stericycle from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Barrington Research set a $64.00 price target on Stericycle and gave the company a “buy” rating in a report on Tuesday, November 13th. They noted that the move was a valuation call. Finally, Bank of America lowered their price target on Stericycle from $53.00 to $50.00 and set an “underperform” rating on the stock in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.38.
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Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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