Comerica Bank reduced its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,748 shares of the business services provider’s stock after selling 251 shares during the quarter. Comerica Bank’s holdings in Stericycle were worth $1,891,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Stericycle during the 1st quarter valued at about $100,000. Heritage Trust Co purchased a new stake in shares of Stericycle during the 1st quarter valued at about $124,000. Pacer Advisors Inc. raised its holdings in shares of Stericycle by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares during the period. Invictus RG purchased a new stake in shares of Stericycle during the 1st quarter valued at about $145,000. Finally, Morgan Dempsey Capital Management LLC raised its holdings in shares of Stericycle by 2.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 93.72% of the company’s stock.
Several equities research analysts recently commented on SRCL shares. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Deutsche Bank AG dropped their target price on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 15th. Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $74.00 to $73.00 in a report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and set a $108.00 target price on shares of Stericycle in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Stericycle has an average rating of “Hold” and a consensus price target of $81.25.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 70.26 on Monday. The firm’s 50-day moving average price is $73.73 and its 200 day moving average price is $79.54. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The stock’s market capitalization is $6.00 billion.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. During the same quarter in the previous year, the firm earned $1.18 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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