SG Americas Securities LLC cut its holdings in Stericycle Inc (NASDAQ:SRCL) by 75.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,174 shares of the business services provider’s stock after selling 87,944 shares during the quarter. SG Americas Securities LLC’s holdings in Stericycle were worth $1,653,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Stericycle by 2.5% in the second quarter. BlackRock Inc. now owns 5,375,722 shares of the business services provider’s stock valued at $350,980,000 after buying an additional 133,660 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Stericycle by 0.8% during the third quarter. Wells Fargo & Company MN now owns 3,371,411 shares of the business services provider’s stock worth $197,834,000 after purchasing an additional 25,647 shares during the last quarter. Clarkston Capital Partners LLC raised its holdings in Stericycle by 1.5% during the third quarter. Clarkston Capital Partners LLC now owns 2,528,045 shares of the business services provider’s stock worth $148,346,000 after purchasing an additional 36,635 shares during the last quarter. FMR LLC raised its holdings in Stericycle by 18.5% during the second quarter. FMR LLC now owns 1,966,181 shares of the business services provider’s stock worth $128,372,000 after purchasing an additional 307,201 shares during the last quarter. Finally, Ariel Investments LLC raised its holdings in Stericycle by 26.1% during the second quarter. Ariel Investments LLC now owns 869,852 shares of the business services provider’s stock worth $56,793,000 after purchasing an additional 180,266 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.
SRCL has been the subject of a number of analyst reports. Zacks Investment Research cut Stericycle from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Bank of America initiated coverage on Stericycle in a report on Monday, October 22nd. They issued an “underperform” rating and a $53.00 price target for the company. BidaskClub cut Stericycle from a “strong-buy” rating to a “buy” rating in a report on Friday, September 14th. Robert W. Baird cut their price target on Stericycle from $70.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, BMO Capital Markets cut their price target on Stericycle from $71.00 to $63.00 and set a “market perform” rating for the company in a report on Monday, August 6th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Stericycle has an average rating of “Hold” and an average price target of $64.38.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. The business had revenue of $854.90 million during the quarter, compared to the consensus estimate of $856.36 million. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, research analysts anticipate that Stericycle Inc will post 4.37 earnings per share for the current fiscal year.
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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