Stericycle, Inc. (NASDAQ:SRCL) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 170.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 818 shares of the business services provider’s stock after acquiring an additional 516 shares during the quarter. GAMMA Investing LLC’s holdings in Stericycle were worth $43,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SRCL. Capital Research Global Investors lifted its holdings in Stericycle by 13.4% in the fourth quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider’s stock valued at $296,762,000 after acquiring an additional 705,586 shares during the period. Sei Investments Co. increased its position in shares of Stericycle by 35.5% in the fourth quarter. Sei Investments Co. now owns 1,061,369 shares of the business services provider’s stock valued at $52,601,000 after buying an additional 277,896 shares in the last quarter. Ariel Investments LLC increased its position in shares of Stericycle by 5.7% in the third quarter. Ariel Investments LLC now owns 4,328,036 shares of the business services provider’s stock valued at $193,506,000 after buying an additional 233,612 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Stericycle by 55.5% in the fourth quarter. Heartland Advisors Inc. now owns 583,545 shares of the business services provider’s stock valued at $29,733,000 after buying an additional 208,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Stericycle by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,971,719 shares of the business services provider’s stock valued at $97,720,000 after buying an additional 192,045 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Trading Up 0.2 %

Stericycle stock opened at $57.66 on Wednesday. The stock has a market cap of $5.35 billion, a PE ratio of -262.09, a P/E/G ratio of 3.10 and a beta of 1.08. The stock has a 50-day moving average price of $51.25 and a 200 day moving average price of $50.61. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $59.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $664.90 million during the quarter, compared to analysts’ expectations of $676.42 million. Stericycle had a positive return on equity of 7.31% and a negative net margin of 0.74%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts predict that Stericycle, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SRCL. Stifel Nicolaus raised their price target on Stericycle from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company raised their price target on Stericycle from $40.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 price target (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Robert W. Baird dropped their price target on Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, StockNews.com started coverage on Stericycle in a research report on Friday, June 21st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.00.

Stericycle Company 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.