Stericycle, Inc. (SRCL) Shares Sold by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC lowered its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 11.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,530 shares of the business services provider’s stock after selling 1,351 shares during the period. Mutual of America Capital Management LLC’s holdings in Stericycle were worth $804,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of SRCL. Kernodle & Katon Asset Management Group LLC bought a new position in Stericycle during the first quarter worth about $100,000. Pacer Advisors Inc. grew its holdings in Stericycle by 8.4% during the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after purchasing an additional 145 shares during the period. Invictus RG bought a new position in Stericycle during the first quarter worth about $145,000. Ameritas Investment Partners Inc. bought a new position in Stericycle during the first quarter worth about $169,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Stericycle by 8.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock worth $194,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 70.27 on Tuesday. The stock has a 50 day moving average of $71.28 and a 200-day moving average of $77.76. Stericycle, Inc. has a 52-week low of $68.62 and a 52-week high of $88.00. The firm’s market capitalization is $6.00 billion.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The company 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 firm earned $1.18 EPS. Stericycle’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts expect that Stericycle, Inc. will post $4.59 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets assumed coverage on Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target for the company. BidaskClub cut Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC reiterated an “overweight” rating and set a $100.00 price target on shares of Stericycle in a report on Wednesday, August 9th. Finally, Jefferies Group LLC set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Stericycle currently has an average rating of “Hold” and an average target price of $81.25.
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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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