Stericycle, Inc. (NASDAQ:SRCL) Position Increased by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC increased its position in Stericycle, Inc. (NASDAQ:SRCL) by 3.5% in the second quarter, HoldingsChannel reports. The firm owned 25,326 shares of the business services provider’s stock after acquiring an additional 845 shares during the period. Mcmorgan & Co. LLC’s holdings in Stericycle were worth $1,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 52,576 shares during the period. Capital Research Global Investors grew its stake in Stericycle by 11.4% during the first quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock worth $351,732,000 after buying an additional 679,974 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Stericycle by 12.4% during the first quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock worth $129,766,000 after purchasing an additional 271,025 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stericycle by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock worth $126,238,000 after purchasing an additional 142,814 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Stericycle by 8.1% during the fourth quarter. Schroder Investment Management Group now owns 1,739,644 shares of the business services provider’s stock worth $86,217,000 after purchasing an additional 129,822 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Stock Down 0.2 %

Shares of SRCL opened at $60.90 on Friday. The company has a market capitalization of $5.65 billion, a PE ratio of -276.82, a PEG ratio of 3.37 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average price is $59.58 and its two-hundred day moving average price is $55.07. Stericycle, Inc. has a 12 month low of $37.78 and a 12 month high of $61.77.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SRCL shares. Truist Financial increased their price objective on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. StockNews.com started coverage on shares of Stericycle in a research report on Wednesday. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research report 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.