Stericycle, Inc. (SRCL) Position Decreased by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd lowered its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,727 shares of the business services provider’s stock after selling 54 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Stericycle were worth $209,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Stericycle by 3.0% in the second quarter. Legal & General Group Plc now owns 378,427 shares of the business services provider’s stock valued at $28,883,000 after buying an additional 11,109 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Stericycle by 84.3% in the second quarter. SG Americas Securities LLC now owns 26,625 shares of the business services provider’s stock valued at $2,032,000 after buying an additional 12,178 shares in the last quarter. Olstein Capital Management L.P. increased its stake in shares of Stericycle by 8.8% in the second quarter. Olstein Capital Management L.P. now owns 156,835 shares of the business services provider’s stock valued at $11,970,000 after buying an additional 12,635 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Stericycle by 4.1% in the second quarter. State of Wisconsin Investment Board now owns 340,489 shares of the business services provider’s stock valued at $25,986,000 after buying an additional 13,460 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its stake in shares of Stericycle by 32.9% in the second quarter. Morningstar Investment Services LLC now owns 78,919 shares of the business services provider’s stock valued at $6,023,000 after buying an additional 19,524 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 71.05 on Friday. The firm’s market cap is $6.06 billion. Stericycle, Inc. has a 52 week low of $70.24 and a 52 week high of $88.00. The stock has a 50 day moving average price of $75.80 and a 200 day moving average price of $80.20.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter in the previous year, the business earned $1.18 EPS. Stericycle’s revenue was up 2.9% compared to the same quarter last year. Equities analysts expect that Stericycle, Inc. will post $4.60 earnings per share for the current year.

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SRCL has been the subject of several recent analyst reports. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $108.00 price objective on shares of Stericycle in a research report on Thursday, July 13th. Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a research report on Wednesday, August 9th. Finally, BMO Capital Markets initiated coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective for the company. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $81.15.

About Stericycle

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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