Stericycle, Inc. (NASDAQ:SRCL) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its stake in Stericycle, Inc. (NASDAQ:SRCL) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,511 shares of the business services provider’s stock after purchasing an additional 5,536 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Stericycle worth $5,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Stericycle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock worth $444,509,000 after purchasing an additional 52,576 shares in the last quarter. Capital Research Global Investors lifted its stake in Stericycle by 11.4% during the 1st quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock valued at $351,732,000 after acquiring an additional 679,974 shares during the period. Earnest Partners LLC lifted its stake in Stericycle by 12.4% during the 1st quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock valued at $129,766,000 after acquiring an additional 271,025 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stericycle by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,971,719 shares of the business services provider’s stock valued at $97,720,000 after acquiring an additional 192,045 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Stericycle by 8.1% during the 4th quarter. Schroder Investment Management Group now owns 1,739,644 shares of the business services provider’s stock valued at $86,217,000 after acquiring an additional 129,822 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SRCL has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. StockNews.com initiated coverage on shares of Stericycle in a research note on Monday. They set a “hold” rating for the company. Finally, Truist Financial lifted their price objective on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Stericycle has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Price Performance

NASDAQ:SRCL opened at $61.70 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -280.45, a price-to-earnings-growth ratio of 3.36 and a beta of 1.11. The company has a 50 day moving average price of $58.93 and a 200-day moving average price of $54.47. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $61.77.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. Equities research analysts forecast that Stericycle, Inc. will post 2.29 EPS for the current year.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services 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, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.