New York State Teachers Retirement System cut its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 125,820 shares of the business services provider’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Stericycle were worth $6,008,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in SRCL. Hanson & Doremus Investment Management lifted its holdings in shares of Stericycle by 3.6% during the 2nd quarter. Hanson & Doremus Investment Management now owns 27,364 shares of the business services provider’s stock valued at $1,307,000 after acquiring an additional 953 shares in the last quarter. Oakbrook Investments LLC acquired a new position in shares of Stericycle during the 2nd quarter valued at $229,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stericycle by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 34,590 shares of the business services provider’s stock valued at $1,652,000 after acquiring an additional 487 shares in the last quarter. Altfest L J & Co. Inc. acquired a new position in shares of Stericycle during the 2nd quarter valued at $414,000. Finally, Addison Capital Co lifted its holdings in shares of Stericycle by 20.6% during the 2nd quarter. Addison Capital Co now owns 38,940 shares of the business services provider’s stock valued at $1,859,000 after acquiring an additional 6,659 shares in the last quarter. 96.52% of the stock is owned by institutional investors.
SRCL stock traded up $0.92 during trading on Friday, reaching $45.43. The stock had a trading volume of 2,124,343 shares, compared to its average volume of 717,262. Stericycle Inc has a 1-year low of $34.36 and a 1-year high of $65.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $4.18 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.89 and a beta of 1.22. The company has a fifty day moving average of $46.42.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.27). Stericycle had a positive return on equity of 12.56% and a negative net margin of 8.92%. The firm had revenue of $845.80 million during the quarter, compared to analyst estimates of $843.95 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, research analysts expect that Stericycle Inc will post 2.67 EPS for the current fiscal year.
Several equities analysts recently weighed in on SRCL shares. Bank of America restated an “underperform” rating and set a $44.00 target price (down previously from $46.00) on shares of Stericycle in a report on Wednesday, July 17th. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. ValuEngine lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Robert W. Baird upgraded shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 target price on the stock in a report on Friday. Finally, BidaskClub lowered shares of Stericycle from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.80.
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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.
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