Honeywell International Inc. Boosts Stake in Stericycle, Inc. (SRCL)
Honeywell International Inc. boosted its stake in Stericycle, Inc. (NASDAQ:SRCL) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,100 shares of the business services provider’s stock after buying an additional 9,100 shares during the period. Honeywell International Inc. owned about 0.25% of Stericycle worth $16,493,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of SRCL. Vanguard Group Inc. boosted its stake in shares of Stericycle by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock valued at $670,929,000 after buying an additional 251,061 shares during the last quarter. BlackRock Inc. boosted its stake 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 during the last quarter. State Street Corp boosted its stake in shares of Stericycle by 1.1% in the first quarter. State Street Corp now owns 3,470,873 shares of the business services provider’s stock valued at $287,693,000 after buying an additional 39,382 shares during the last quarter. FMR LLC boosted its stake in shares of Stericycle by 8.2% in the first quarter. FMR LLC now owns 2,925,407 shares of the business services provider’s stock valued at $242,486,000 after buying an additional 221,262 shares during the last quarter. Finally, Fairpointe Capital LLC boosted its stake in shares of Stericycle by 14.5% in the first quarter. Fairpointe Capital LLC now owns 2,391,424 shares of the business services provider’s stock valued at $198,225,000 after buying an additional 302,369 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Stericycle, Inc. (NASDAQ:SRCL) opened at 78.45 on Monday. 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. The stock has a market capitalization of $6.69 billion, a PE ratio of 40.88 and a beta of 0.13.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS 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 the consensus estimate of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. Analysts expect that Stericycle, Inc. will post $4.60 earnings per share for the current year.
SRCL has been the subject of several research reports. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, July 5th. Barclays PLC initiated coverage on Stericycle in a report on Thursday, April 13th. They issued an “overweight” rating and a $100.00 target price for the company. BidaskClub cut Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $108.00 target price on shares of Stericycle in a report on Thursday, July 13th. Finally, BMO Capital Markets initiated coverage on Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has a consensus 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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