Chevy Chase Trust Holdings Inc. Sells 140 Shares of Stericycle, Inc. (NASDAQ:SRCL)
Chevy Chase Trust Holdings Inc. lowered its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,756 shares of the business services provider’s stock after selling 140 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Stericycle were worth $5,629,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SRCL. BlackRock Inc. raised its position in shares of Stericycle by 3,492.3% in the first quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock valued at $421,877,000 after buying an additional 4,947,900 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Stericycle by 144.9% in the first quarter. Ameriprise Financial Inc. now owns 1,901,243 shares of the business services provider’s stock valued at $157,594,000 after buying an additional 1,124,908 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Stericycle during the first quarter valued at approximately $43,949,000. Wells Fargo & Company MN raised its position in shares of Stericycle by 25.5% in the first quarter. Wells Fargo & Company MN now owns 1,956,193 shares of the business services provider’s stock valued at $162,149,000 after buying an additional 398,076 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Stericycle by 32.7% in the first quarter. Jennison Associates LLC now owns 1,417,498 shares of the business services provider’s stock valued at $117,496,000 after buying an additional 349,371 shares in the last quarter. 95.50% of the stock is owned by institutional investors and hedge funds.
Stericycle, Inc. (NASDAQ SRCL) opened at 77.54 on Friday. The stock’s 50 day moving average price is $77.70 and its 200 day moving average price is $80.76. Stericycle, Inc. has a one year low of $71.52 and a one year high of $107.74. The company has a market capitalization of $6.61 billion, a P/E ratio of 40.41 and a beta of 0.13.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $874.34 million. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. Equities analysts anticipate that Stericycle, Inc. will post $4.62 EPS for the current fiscal year.
SRCL has been the subject of several recent research reports. Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $74.00 to $73.00 in a research report on Friday, May 5th. Deutsche Bank AG lowered their price objective on Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Barclays PLC initiated coverage on Stericycle in a research report on Thursday, April 13th. They set an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research lowered Stericycle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $108.00 price objective on shares of Stericycle in a research report on Thursday, March 30th. Three equities 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. Stericycle currently has an average rating of “Hold” and an average price target 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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