AE Wealth Management LLC bought a new stake in Stericycle, Inc. (NASDAQ:SRCL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 76,642 shares of the business services provider’s stock, valued at approximately $3,559,000. AE Wealth Management LLC owned approximately 0.08% of Stericycle as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Stericycle by 1.6% in the third quarter. Vanguard Group Inc. now owns 8,681,888 shares of the business services provider’s stock valued at $365,594,000 after acquiring an additional 139,456 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Stericycle by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,963,391 shares of the business services provider’s stock valued at $347,404,000 after acquiring an additional 124,712 shares in the last quarter. Black Creek Investment Management Inc. raised its holdings in Stericycle by 6.9% in the first quarter. Black Creek Investment Management Inc. now owns 5,507,710 shares of the business services provider’s stock valued at $240,191,000 after acquiring an additional 356,134 shares in the last quarter. Capital Research Global Investors raised its holdings in Stericycle by 1.2% in the first quarter. Capital Research Global Investors now owns 4,396,958 shares of the business services provider’s stock valued at $259,069,000 after acquiring an additional 51,885 shares in the last quarter. Finally, Ariel Investments LLC raised its holdings in Stericycle by 2.3% during the first quarter. Ariel Investments LLC now owns 4,340,429 shares of the business services provider’s stock worth $255,738,000 after purchasing an additional 95,921 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.
Wall Street Analysts Forecast Growth
SRCL has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Stericycle in a report on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Stericycle in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.00.
Stericycle Stock Performance
Shares of Stericycle stock opened at $44.93 on Friday. The firm’s fifty day simple moving average is $44.40 and its 200-day simple moving average is $44.02. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 195.35, a PEG ratio of 3.08 and a beta of 1.23. Stericycle, Inc. has a 12 month low of $39.63 and a 12 month high of $56.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.85 and a quick ratio of 0.85.
Stericycle (NASDAQ:SRCL – Get Free Report) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $669.50 million during the quarter, compared to analyst estimates of $683.48 million. Stericycle had a net margin of 0.79% and a return on equity of 8.31%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, equities analysts forecast that Stericycle, Inc. will post 1.84 earnings per share for the current year.
Stericycle Company 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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