AQR Capital Management LLC purchased a new stake in Stericycle, Inc. (NASDAQ:SRCL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,535 shares of the business services provider’s stock, valued at approximately $223,000.
A number of other large investors have also recently added to or reduced their stakes in SRCL. Highlander Capital Management LLC boosted its holdings in Stericycle by 1.2% during the second quarter. Highlander Capital Management LLC now owns 17,550 shares of the business services provider’s stock worth $982,000 after purchasing an additional 200 shares during the last quarter. We Are One Seven LLC lifted its stake in Stericycle by 3.5% in the third quarter. We Are One Seven LLC now owns 6,442 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 219 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Stericycle in the third quarter valued at $26,000. Madison Wealth Management lifted its stake in Stericycle by 11.0% in the third quarter. Madison Wealth Management now owns 4,905 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 485 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Stericycle by 5.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 11,062 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 539 shares during the last quarter.
SRCL has been the subject of a number of recent analyst reports. BidaskClub cut shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Friday. BMO Capital Markets increased their price objective on shares of Stericycle from $68.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 6th. Raymond James reaffirmed a “hold” rating on shares of Stericycle in a research report on Tuesday, October 6th. Finally, Berenberg Bank assumed coverage on shares of Stericycle in a research report on Thursday, October 15th. They set a “buy” rating and a $76.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $66.63.
Stericycle stock opened at $69.33 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. Stericycle, Inc. has a 52-week low of $38.45 and a 52-week high of $79.50. The firm has a 50 day moving average price of $70.22 and a two-hundred day moving average price of $64.19. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of -20.82, a PEG ratio of 4.74 and a beta of 1.20.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. Stericycle had a negative net margin of 10.05% and a positive return on equity of 9.73%. The firm had revenue of $636.40 million during the quarter, compared to analyst estimates of $640.63 million. During the same quarter last year, the business earned $0.80 EPS. The company’s revenue was down 23.6% compared to the same quarter last year. As a group, equities research analysts predict that Stericycle, Inc. will post 2.14 EPS for the current fiscal year.
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States, Europe, and internationally. It operates through three segments: North America RWCS; International RWCS; and Domestic Communication and Related Services.
Featured Story: Why is the conference call important?
Want to see what other hedge funds are holding SRCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stericycle, Inc. (NASDAQ:SRCL).
Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter.