Versor Investments LP purchased a new stake in Stericycle, Inc. (NASDAQ:SRCL – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,108 shares of the business services provider’s stock, valued at approximately $454,000.
Several other large investors have also modified their holdings of SRCL. Ancora Advisors LLC acquired a new stake in shares of Stericycle in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its position in shares of Stericycle by 128.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 735 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Stericycle by 78.4% during the third quarter. Quadrant Capital Group LLC now owns 1,295 shares of the business services provider’s stock worth $55,000 after acquiring an additional 569 shares during the last quarter. Covestor Ltd boosted its position in Stericycle by 117.2% during the first quarter. Covestor Ltd now owns 1,553 shares of the business services provider’s stock worth $92,000 after acquiring an additional 838 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its position in Stericycle by 66.1% during the third quarter. Ronald Blue Trust Inc. now owns 2,120 shares of the business services provider’s stock worth $93,000 after acquiring an additional 844 shares during the last quarter. 98.06% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Stericycle news, Director Naren K. Gursahaney bought 6,000 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average price of $47.91 per share, with a total value of $287,460.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $287,460. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.63% of the stock is currently owned by insiders.
Stericycle Stock Performance
Stericycle (NASDAQ:SRCL – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The business services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $670.40 million for the quarter, compared to the consensus estimate of $698.26 million. Stericycle had a net margin of 2.07% and a return on equity of 7.95%. Stericycle’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts expect that Stericycle, Inc. will post 1.9 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Robert W. Baird lowered shares of Stericycle from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $53.00 in a research report on Friday, February 24th. TheStreet upgraded shares of Stericycle from a “d+” rating to a “c” rating in a research report on Tuesday, March 7th. Finally, StockNews.com upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a research report on Wednesday, March 29th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.50.
Stericycle Company Profile
Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).
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