Public Employees Retirement Association of Colorado Sells 807 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Public Employees Retirement Association of Colorado lowered its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 7.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,907 shares of the business services provider’s stock after selling 807 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Stericycle were worth $576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SRCL. Clearstead Trust LLC bought a new position in shares of Stericycle during the first quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Stericycle in the second quarter valued at $45,000. GAMMA Investing LLC increased its holdings in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 516 shares during the period. Headlands Technologies LLC bought a new position in Stericycle during the 1st quarter worth $44,000. Finally, TFO Wealth Partners LLC lifted its holdings in Stericycle by 22,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after buying an additional 893 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SRCL. 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 report on Tuesday, June 4th. StockNews.com assumed coverage on shares of Stericycle in a report on Wednesday. They set 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 report on Tuesday, June 4th. Finally, Truist Financial increased their price objective on shares of Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research report 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. According to MarketBeat.com, Stericycle presently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Stock Performance

NASDAQ:SRCL opened at $60.90 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle, Inc. has a twelve month low of $37.78 and a twelve month high of $61.77. The company has a fifty day moving average of $59.58 and a 200-day moving average of $55.07. The firm has a market capitalization of $5.65 billion, a P/E ratio of -276.82, a P/E/G ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data 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 for 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%. As a group, sell-side analysts anticipate 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.