Blair William & Co. IL Acquires 6,210 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Blair William & Co. IL boosted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 137.4% during the second quarter, Holdings Channel reports. The fund owned 10,730 shares of the business services provider’s stock after acquiring an additional 6,210 shares during the period. Blair William & Co. IL’s holdings in Stericycle were worth $624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRCL. Retirement Systems of Alabama grew its stake in shares of Stericycle by 0.3% during the first quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock valued at $6,129,000 after purchasing an additional 305 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Stericycle by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock valued at $2,024,000 after buying an additional 400 shares during the last quarter. Mirova increased its stake in shares of Stericycle by 0.9% in the 1st quarter. Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after buying an additional 428 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Stericycle by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after acquiring an additional 449 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new position in shares of Stericycle during the first quarter valued at $25,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Trading Down 1.1 %

SRCL opened at $61.05 on Thursday. The firm’s fifty day moving average is $59.53 and its two-hundred day moving average is $55.03. The firm has a market cap of $5.67 billion, a PE ratio of -277.50, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. Stericycle, Inc. has a twelve month low of $37.78 and a twelve month high of $61.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $672.07 million. Equities research analysts anticipate that Stericycle, Inc. will post 2.29 EPS for the current year.

Analyst Upgrades and Downgrades

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

Stericycle Company Profile

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.