Franklin Resources Inc. Sells 111 Shares of Stericycle, Inc. (SRCL)
Franklin Resources Inc. cut its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 0.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 505,639 shares of the business services provider’s stock after selling 111 shares during the quarter. Franklin Resources Inc. owned 0.59% of Stericycle worth $38,590,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of SRCL. BlackRock Inc. raised its position in Stericycle by 3,492.3% during the 1st quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock worth $421,877,000 after buying an additional 4,947,900 shares during the last quarter. Schroder Investment Management Group purchased a new position in Stericycle during the 2nd quarter worth approximately $80,497,000. Thompson Siegel & Walmsley LLC purchased a new position in Stericycle during the 2nd quarter worth approximately $33,710,000. Morgan Stanley raised its position in Stericycle by 110.4% during the 1st quarter. Morgan Stanley now owns 625,893 shares of the business services provider’s stock worth $51,881,000 after buying an additional 328,431 shares during the last quarter. Finally, Strs Ohio raised its position in Stericycle by 26,943.3% during the 2nd quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock worth $25,056,000 after buying an additional 327,092 shares during the last quarter. 93.72% of the stock is owned by institutional investors.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 72.12 on Friday. The firm’s market cap is $6.15 billion. Stericycle, Inc. has a 1-year low of $68.62 and a 1-year high of $88.00. The company has a 50-day moving average of $73.01 and a 200-day moving average of $79.09.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The firm had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same period last year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts predict that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the stock. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a report on Thursday. BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets assumed coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.25.
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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