XTX Topco Ltd Boosts Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

XTX Topco Ltd grew its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 222.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,724 shares of the business services provider’s stock after buying an additional 12,219 shares during the period. XTX Topco Ltd’s holdings in Stericycle were worth $1,030,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SRCL. Principal Securities Inc. purchased a new position in shares of Stericycle during the 4th quarter valued at about $41,000. Vanguard Personalized Indexing Management LLC boosted its stake in Stericycle by 14.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,653 shares of the business services provider’s stock worth $280,000 after purchasing an additional 705 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Stericycle in the 4th quarter worth approximately $156,000. Corient Private Wealth LLC boosted its stake in Stericycle by 52.8% in the 4th quarter. Corient Private Wealth LLC now owns 10,397 shares of the business services provider’s stock worth $515,000 after purchasing an additional 3,591 shares during the period. Finally, TD Asset Management Inc boosted its stake in Stericycle by 20.4% in the 4th quarter. TD Asset Management Inc now owns 44,902 shares of the business services provider’s stock worth $2,225,000 after purchasing an additional 7,614 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SRCL. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 price target (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods upped their price target on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. StockNews.com began coverage on Stericycle in a research note on Tuesday, September 17th. They issued a “hold” rating for the company. Finally, Truist Financial upped their price target on Stericycle from $50.00 to $62.00 and gave the stock 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 issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stericycle currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Stericycle Stock Down 0.0 %

NASDAQ SRCL opened at $61.68 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $5.73 billion, a P/E ratio of -280.36, a P/E/G ratio of 3.37 and a beta of 1.11. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.77. The stock has a 50 day moving average price of $59.33 and a 200-day moving average price of $54.84.

Stericycle (NASDAQ:SRCL) last released its quarterly 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. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. As a group, equities analysts predict that Stericycle, Inc. will post 2.29 EPS for the current fiscal year.

Stericycle 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.