PNC Financial Services Group Inc. cut its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,899 shares of the business services provider’s stock after selling 1,244 shares during the period. PNC Financial Services Group Inc.’s holdings in Stericycle were worth $1,135,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Black Creek Investment Management Inc. boosted its holdings in Stericycle by 1.1% during the third quarter. Black Creek Investment Management Inc. now owns 5,493,782 shares of the business services provider’s stock worth $245,627,000 after purchasing an additional 62,400 shares during the last quarter. Ariel Investments LLC boosted its holdings in Stericycle by 5.7% during the third quarter. Ariel Investments LLC now owns 4,328,036 shares of the business services provider’s stock worth $193,506,000 after purchasing an additional 233,612 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Stericycle by 4.9% during the fourth quarter. Impax Asset Management Group plc now owns 3,139,032 shares of the business services provider’s stock worth $154,396,000 after purchasing an additional 147,452 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stericycle by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,971,719 shares of the business services provider’s stock worth $97,720,000 after purchasing an additional 192,045 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in Stericycle by 6.6% in the third quarter. Earnest Partners LLC now owns 1,941,254 shares of the business services provider’s stock valued at $86,793,000 after acquiring an additional 120,852 shares during the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.
Stericycle Stock Up 0.1 %
Shares of SRCL stock opened at $49.50 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50 day moving average is $48.93 and its 200 day moving average is $49.07. Stericycle, Inc. has a 12 month low of $37.78 and a 12 month high of $57.06.
Stericycle (NASDAQ:SRCL – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $664.90 million for the quarter, compared to analysts’ expectations of $676.42 million. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. Stericycle’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, research analysts expect that Stericycle, Inc. will post 2.32 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SRCL. Truist Financial dropped their target price on shares of Stericycle from $57.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. StockNews.com cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their target price on shares of Stericycle from $40.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Robert W. Baird dropped their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Stifel Nicolaus boosted their target price on shares of Stericycle from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.40.
Read Our Latest Stock Report on SRCL
Stericycle Company Profile
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.
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Source: defenseworld.net
