Clinton Group Inc. purchased a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,187 shares of the business services provider’s stock, valued at approximately $549,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in 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 purchasing an additional 4,947,900 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Stericycle in the 2nd quarter valued at approximately $80,497,000. Thompson Siegel & Walmsley LLC acquired a new stake in Stericycle in the 2nd quarter valued at approximately $33,710,000. Morgan Stanley increased its holdings in Stericycle by 110.4% in the 1st quarter. Morgan Stanley now owns 625,893 shares of the business services provider’s stock valued at $51,881,000 after purchasing an additional 328,431 shares during the last quarter. Finally, Strs Ohio increased its holdings in Stericycle by 26,943.3% in the 2nd quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock valued at $25,056,000 after purchasing an additional 327,092 shares during the last quarter. 93.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stericycle, Inc. (NASDAQ SRCL) traded up 1.11% during trading on Tuesday, hitting $70.85. 147,274 shares of the company were exchanged. The company’s 50-day moving average price is $71.20 and its 200 day moving average price is $77.45. Stericycle, Inc. has a 12 month low of $68.62 and a 12 month high of $88.00. The stock’s market cap is $6.05 billion.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million during 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 revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. On average, equities analysts predict that Stericycle, Inc. will post $4.59 earnings per share for the current fiscal year.
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Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets assumed coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price for the company. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC reiterated an “overweight” rating and issued a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. Finally, Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $81.25.
Stericycle Company 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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