2 weeks Ago By Defense World Staff
Earnest Partners LLC trimmed its holdings in Stericycle, Inc. ( NASDAQ:SRCL – Free Report ) by 71.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 690,247 shares of the business services provider’s stock after selling 1,769,773 shares during the quarter. Earnest Partners LLC owned about 0.74% of Stericycle worth $40,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Retirement Systems of Alabama increased its stake in shares of Stericycle by 0.3% in the 1st quarter.
Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after acquiring an additional 305 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Stericycle by 1.0% during the 4th quarter.
Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock valued at $2,024,000 after purchasing an additional 400 shares during the last quarter. Mirova grew its position in Stericycle by 0.9% during the 1st quarter.
Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after purchasing an additional 428 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Stericycle by 6.4% during the 2nd quarter.
Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 449 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new stake in Stericycle during the 1st quarter valued at about $25,000. 98.
82% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several analysts recently commented on the stock. StockNews.
com assumed coverage on shares of Stericycle in a research report on Wednesday. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.
00 price target (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Keefe, Bruyette & Woods raised their price target on shares of Stericycle from $135.
00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Finally, Truist Financial raised their price target on shares of Stericycle from $50.
00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.00.
Stericycle Stock Performance SRCL opened at $60.90 on Friday. The company has a current ratio of 1.
13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.
The company has a market cap of $5.65 billion, a price-to-earnings ratio of -276.82, a PEG ratio of 3.
37 and a beta of 1.11. The company’s 50 day moving average is $59.
58 and its 200 day moving average is $55.07. Stericycle, Inc.
has a 12-month low of $37.78 and a 12-month high of $61.77.
Stericycle ( NASDAQ:SRCL – Get Free Report ) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
57 by $0.04. The company had revenue of $661.
60 million for the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a net margin of 1.
37% and a return on equity of 7.94%. On average, equities research analysts predict that Stericycle, Inc.
will post 2.29 EPS for the current year. About Stericycle ( Free Report ) Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally.
The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions. Recommended Stories Five stocks we like better than Stericycle Business Services Stocks Investing Rocket Lab Stock Soars: Should Investors Chase the Rally? What is Short Interest? How to Use It KB Home Slips After Earnings: What’s Next for Homebuilders? High Dividend REITs: Are They an Ideal Way to Diversify? Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter .
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