Gabelli Funds LLC cut its position in Stericycle, Inc. (NASDAQ:SRCL – Get Rating) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,000 shares of the business services provider’s stock after selling 20,000 shares during the quarter. Gabelli Funds LLC owned about 0.06% of Stericycle worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in shares of Stericycle during the 1st quarter valued at $34,000. Belpointe Asset Management LLC purchased a new stake in shares of Stericycle during the 4th quarter valued at $37,000. CWM LLC raised its position in shares of Stericycle by 318.0% during the 4th quarter. CWM LLC now owns 790 shares of the business services provider’s stock valued at $39,000 after buying an additional 601 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Stericycle by 78.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,295 shares of the business services provider’s stock valued at $55,000 after buying an additional 569 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Stericycle by 117.2% during the 1st quarter. Covestor Ltd now owns 1,553 shares of the business services provider’s stock valued at $92,000 after buying an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Wall Street Analyst Weigh In
SRCL has been the topic of several research reports. Robert W. Baird cut shares of Stericycle from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $53.00 in a research report on Friday, February 24th. StockNews.com began coverage on shares of Stericycle in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Truist Financial began coverage on shares of Stericycle in a research note on Monday, April 17th. They issued a “hold” rating and a $45.00 price target for the company. Finally, TheStreet raised shares of Stericycle from a “d+” rating to a “c” rating in a research note on Tuesday, March 7th.
Stericycle Stock Performance
Stericycle (NASDAQ:SRCL – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Stericycle had a net margin of 2.99% and a return on equity of 8.58%. The firm had revenue of $684.30 million for the quarter, compared to analysts’ expectations of $670.61 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts expect that Stericycle, Inc. will post 1.91 EPS for the current year.
Stericycle Profile
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions 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, controlled substance waste disposal, healthcare hazardous waste, and COVID 19 waste disposal; specialty services, such as MedDrop medication collection kiosks, safe community solutions, sharps mailback solutions, and maritime waste services; medical supply store services; pharmaceutical waste services; hazardous waste disposal; compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
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