Carve CapitalAB cut its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 28.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 679,240 shares of the business services provider’s stock after selling 270,760 shares during the period. Stericycle accounts for approximately 17.8% of Carve CapitalAB’s holdings, making the stock its 3rd largest position. Carve CapitalAB’s holdings in Stericycle were worth $51,823,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Eads & Heald Investment Counsel boosted its stake in Stericycle by 24.9% in the first quarter. Eads & Heald Investment Counsel now owns 4,198 shares of the business services provider’s stock worth $348,000 after buying an additional 836 shares in the last quarter. Silver Heights Capital Management Inc. boosted its stake in Stericycle by 2.4% in the first quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after buying an additional 6,490 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in Stericycle by 25.2% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 49,030 shares of the business services provider’s stock worth $4,064,000 after buying an additional 9,870 shares in the last quarter. Vanguard Group Inc. boosted its stake in Stericycle by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after buying an additional 251,061 shares in the last quarter. Finally, Capital Investment Services of America Inc. boosted its stake in Stericycle by 3.5% in the second quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock worth $8,593,000 after buying an additional 3,825 shares in the last quarter. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle, Inc. (SRCL) opened at 78.45 on Friday. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 40.88 and a beta of 0.13. The stock’s 50 day moving average price is $76.84 and its 200 day moving average price is $80.67. Stericycle, Inc. has a 12-month low of $71.52 and a 12-month high of $90.45.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a positive return on equity of 14.23% and a negative net margin of 0.07%. Stericycle’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Analysts forecast that Stericycle, Inc. will post $4.63 EPS for the current fiscal year.

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Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Deutsche Bank AG lowered their target price on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $74.00 to $73.00 in a research note on Friday, May 5th. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $108.00 target price on shares of Stericycle in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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