Quarry LP Has $86,000 Stock Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Quarry LP raised its stake in Stericycle, Inc. (NASDAQ:SRCL) by 121.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,476 shares of the business services provider’s stock after buying an additional 809 shares during the period. Quarry LP’s holdings in Stericycle were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Retirement Systems of Alabama grew its stake in Stericycle by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock valued at $6,129,000 after buying an additional 305 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Stericycle by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock worth $2,024,000 after acquiring an additional 400 shares during the period. Mirova grew its position in shares of Stericycle by 0.9% in the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after purchasing an additional 428 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 purchasing an additional 449 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in Stericycle during the 1st quarter worth approximately $25,000. 98.82% of the stock is owned by institutional investors.

Stericycle Stock Up 0.2 %

SRCL stock opened at $61.08 on Thursday. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $61.77. The business has a 50-day simple moving average of $59.77 and a 200 day simple moving average of $55.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.67 billion, a PE ratio of -277.64, a price-to-earnings-growth ratio of 3.33 and a beta of 1.11.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Stericycle in a report on Thursday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.00.

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.