Exxonmobil Investment Management Inc. TX lowered its stake in Stericycle, Inc. (NASDAQ:SRCL) by 13.4% during the second quarter, Holdings Channel reports. The fund owned 16,371 shares of the business services provider’s stock after selling 2,523 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Stericycle were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC bought a new position in Stericycle during the first quarter valued at about $100,000. Heritage Trust Co bought a new position in Stericycle during the first quarter valued at about $124,000. Pacer Advisors Inc. raised its position in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares during the last quarter. Invictus RG bought a new position in Stericycle during the first quarter valued at about $145,000. Finally, Morgan Dempsey Capital Management LLC raised its position in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 77.54 on Friday. The stock has a 50 day moving average price of $77.70 and a 200-day moving average price of $80.76. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 40.41 and a beta of 0.13. Stericycle, Inc. has a 12 month low of $71.52 and a 12 month high of $107.74.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The firm had revenue of $892.40 million for the quarter, compared to the consensus estimate of $874.34 million. During the same period in the prior year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Stericycle, Inc. will post $4.62 earnings per share for the current fiscal year.

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Several research firms recently issued reports on SRCL. Jefferies Group LLC set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a research report on Saturday, May 6th. Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $74.00 to $73.00 in a research report on Monday, May 15th. Deutsche Bank AG reduced their price target on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. BMO Capital Markets began coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Finally, Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $81.15.

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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