HighTower Advisors LLC cut its stake in Stericycle, Inc. (NASDAQ:SRCL) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,384 shares of the business services provider’s stock after selling 220 shares during the period. HighTower Advisors LLC’s holdings in Stericycle were worth $566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Stericycle by 3.0% in the second quarter. Vanguard Group Inc. now owns 8,334,537 shares of the business services provider’s stock worth $636,092,000 after purchasing an additional 240,327 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Stericycle by 6.4% in the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock worth $413,139,000 after purchasing an additional 323,664 shares during the last quarter. State Street Corp grew its holdings 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 worth $287,693,000 after purchasing an additional 39,382 shares during the last quarter. Fairpointe Capital LLC grew its holdings 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 worth $198,225,000 after purchasing an additional 302,369 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Stericycle by 5.1% in the second quarter. Jennison Associates LLC now owns 1,489,121 shares of the business services provider’s stock worth $113,650,000 after purchasing an additional 71,623 shares during the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.

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A number of research firms have recently commented on SRCL. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub cut shares of 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 target price on shares of Stericycle in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Stericycle currently has a consensus rating of “Hold” and a consensus price target of $81.25.

Stericycle, Inc. (NASDAQ:SRCL) opened at 70.07 on Tuesday. The stock’s 50 day moving average price is $71.20 and its 200-day moving average price is $77.45. The firm’s market capitalization is $5.98 billion. Stericycle, Inc. has a 12 month low of $68.62 and a 12 month high of $88.00.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for 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 company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. On average, analysts forecast that Stericycle, Inc. will post $4.59 earnings per share for the current year.

Stericycle 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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