Stearns Financial Services Group increased its position in Stericycle, Inc. (NASDAQ:SRCL) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,474 shares of the business services provider’s stock after buying an additional 638 shares during the period. Stearns Financial Services Group’s holdings in Stericycle were worth $647,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Stericycle during the first quarter worth about $100,000. Heritage Trust Co acquired a new position in shares of Stericycle during the first quarter worth about $124,000. Pacer Advisors Inc. increased its position in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares during the period. Invictus RG acquired a new position in shares of Stericycle during the first quarter worth about $145,000. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 75.06 on Thursday. The stock has a market cap of $6.40 billion, a PE ratio of 39.11 and a beta of 0.13. Stericycle, Inc. has a 1-year low of $71.52 and a 1-year high of $88.68. The stock’s 50 day moving average price is $76.76 and its 200 day moving average price is $80.57.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on SRCL shares. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Deutsche Bank AG lowered their price target on Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 15th. Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $74.00 to $73.00 in a report on Friday, May 5th. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $108.00 price target on shares of Stericycle in a report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.15.
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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