Mackenzie Financial Corp Has $1.84 Million Stake in Stericycle, Inc. (SRCL)

Mackenzie Financial Corp boosted its stake in Stericycle, Inc. (NASDAQ:SRCL) by 36.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,149 shares of the business services provider’s stock after buying an additional 5,871 shares during the period. Mackenzie Financial Corp’s holdings in Stericycle were worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SRCL. FMR LLC boosted its stake in shares of Stericycle by 84.8% in the fourth quarter. FMR LLC now owns 2,704,145 shares of the business services provider’s stock valued at $208,327,000 after buying an additional 1,240,853 shares in the last quarter. Ameriprise Financial Inc. boosted 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. Norges Bank bought a new stake in Stericycle during the fourth quarter valued at approximately $59,797,000. Wedge Capital Management L L P NC bought a new stake in Stericycle during the first quarter valued at approximately $43,949,000. Finally, Wells Fargo & Company MN boosted 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. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Shares of Stericycle, Inc. (NASDAQ:SRCL) traded down 0.67% during midday trading on Tuesday, hitting $78.54. 195,152 shares of the company were exchanged. The firm’s 50 day moving average price is $82.65 and its 200 day moving average price is $80.67. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 40.93 and a beta of 0.15. Stericycle, Inc. has a one year low of $71.52 and a one year high of $107.74.

Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $874.34 million. During the same quarter in the previous year, the company earned $1.11 EPS. Stericycle’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Stericycle, Inc. will post $4.63 EPS for the current fiscal year.

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Several research firms have recently commented on SRCL. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a research note on Monday, May 22nd. Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $74.00 to $73.00 in a research note on Monday, May 15th. Deutsche Bank AG decreased their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Barclays PLC began coverage on shares of Stericycle in a research note on Thursday, April 13th. They set an “overweight” rating and a $100.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.17.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SRCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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