PNC Financial Services Group Inc. lifted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL – Get Rating) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,982 shares of the business services provider's stock after acquiring an additional 420 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.07% of Stericycle worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisor Networks LLC raised its holdings in Stericycle by 11.3% in the first quarter. Cetera Advisor Networks LLC now owns 4,834 shares of the business services provider's stock worth $285,000 after purchasing an additional 490 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Stericycle by 3.9% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,075,314 shares of the business services provider's stock worth $63,358,000 after purchasing an additional 40,709 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Stericycle by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,987 shares of the business services provider's stock worth $588,000 after purchasing an additional 329 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Stericycle by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 2,008,176 shares of the business services provider's stock worth $118,322,000 after purchasing an additional 43,625 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in Stericycle by 98.1% in the first quarter. WINTON GROUP Ltd now owns 21,248 shares of the business services provider's stock worth $1,252,000 after purchasing an additional 10,522 shares in the last quarter. Institutional investors own 98.05% of the company's stock.
Get Stericycle alerts:Stericycle Trading Down 0.7 %
NASDAQ SRCL opened at $49.37 on Friday. Stericycle, Inc. has a 12 month low of $40.35 and a 12 month high of $72.11. The stock has a market cap of $4.55 billion, a P/E ratio of -51.97, a P/E/G ratio of 3.13 and a beta of 1.30. The stock's fifty day moving average price is $47.76 and its 200-day moving average price is $50.97. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.
Stericycle (NASDAQ:SRCL – Get Rating) last released its earnings results on Friday, August 5th. The business services provider reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.04. Stericycle had a positive return on equity of 6.22% and a negative net margin of 3.28%. The firm had revenue of $679.80 million for the quarter, compared to analysts' expectations of $678.27 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that Stericycle, Inc. will post 2.02 EPS for the current fiscal year.Analysts Set New Price Targets
SRCL has been the subject of a number of research reports. Berenberg Bank downgraded Stericycle from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $95.00 to $46.00 in a report on Thursday, May 12th. They noted that the move was a valuation call. TheStreet cut Stericycle from a "c" rating to a "d+" rating in a research note on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Stericycle presently has an average rating of "Hold" and a consensus target price of $58.67.
Stericycle Profile
(Get Rating)
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
Read More
- Get a free copy of the StockNews.com research report on Stericycle (SRCL)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter.