Davis R M Inc. Has $247,000 Stake in Stericycle, Inc. (SRCL)
Davis R M Inc. lowered its stake in Stericycle, Inc. (NASDAQ:SRCL) by 66.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,230 shares of the business services provider’s stock after selling 6,310 shares during the period. Davis R M Inc.’s holdings in Stericycle were worth $247,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in 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 period. Ameriprise Financial Inc. raised its stake in 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 during the period. Wedge Capital Management L L P NC bought a new stake in Stericycle during the first quarter valued at approximately $43,949,000. Wells Fargo & Company MN raised its stake in 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 during the period. Finally, Jennison Associates LLC raised its stake in 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 during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 78.66 on Tuesday. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 40.99 and a beta of 0.13. Stericycle, Inc. has a 52 week low of $71.52 and a 52 week high of $90.45. The stock has a 50 day moving average price of $76.84 and a 200-day moving average price of $80.67.
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, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, analysts anticipate that Stericycle, Inc. will post $4.60 EPS for the current year.
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Several analysts recently commented on SRCL shares. Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $74.00 to $73.00 in a report on Friday, May 5th. Deutsche Bank AG dropped their target price on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 15th. Barclays PLC began coverage on Stericycle in a report on Thursday, April 13th. They set an “overweight” rating and a $100.00 target price on the stock. Zacks Investment Research lowered Stericycle from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, BMO Capital Markets began coverage on Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company has a consensus 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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