State of Alaska Department of Revenue raised its position in Stericycle Inc (NASDAQ:SRCL) by 80.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,200 shares of the business services provider’s stock after buying an additional 7,212 shares during the period. State of Alaska Department of Revenue’s holdings in Stericycle were worth $825,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Stericycle during the second quarter worth about $486,000. Treasurer of the State of North Carolina lifted its position in shares of Stericycle by 7.4% during the second quarter. Treasurer of the State of North Carolina now owns 43,926 shares of the business services provider’s stock worth $2,097,000 after purchasing an additional 3,040 shares during the last quarter. BlackRock Inc. lifted its position in shares of Stericycle by 1.6% during the second quarter. BlackRock Inc. now owns 7,587,862 shares of the business services provider’s stock worth $362,321,000 after purchasing an additional 117,311 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Stericycle during the second quarter worth about $62,000. Finally, Prudential PLC lifted its position in shares of Stericycle by 13.6% during the second quarter. Prudential PLC now owns 85,462 shares of the business services provider’s stock worth $4,102,000 after purchasing an additional 10,248 shares during the last quarter.
Shares of SRCL stock opened at $50.79 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50-day simple moving average is $48.38 and its 200-day simple moving average is $48.83. Stericycle Inc has a one year low of $34.36 and a one year high of $58.73. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.39 and a beta of 1.24.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.27). Stericycle had a positive return on equity of 10.90% and a negative net margin of 10.73%. The business had revenue of $845.80 million during the quarter, compared to the consensus estimate of $843.95 million. During the same period in the prior year, the business earned $1.17 EPS. The business’s revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Stericycle Inc will post 2.59 EPS for the current year.
Several equities analysts have recently commented on the stock. BidaskClub cut shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Robert W. Baird raised shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 price target on the stock in a research report on Friday, August 2nd. ValuEngine raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Bank of America reaffirmed an “underperform” rating and set a $44.00 price target (down previously from $46.00) on shares of Stericycle in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.80.
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.
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