Quest Partners LLC Has $55,000 Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

Quest Partners LLC boosted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 4,172.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 940 shares of the business services provider’s stock after acquiring an additional 918 shares during the quarter. Quest Partners LLC’s holdings in Stericycle were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in shares of Stericycle by 8.6% in the fourth quarter. Private Advisor Group LLC now owns 5,788 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 459 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Stericycle in the 4th quarter valued at $41,000. Dimensional Fund Advisors LP increased its stake in shares of Stericycle by 10.8% in the 4th 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 during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Stericycle by 14.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,653 shares of the business services provider’s stock worth $280,000 after acquiring an additional 705 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Stericycle during the fourth quarter valued at $156,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Price Performance

Stericycle stock opened at $61.70 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.73 billion, a P/E ratio of -280.45, a PEG ratio of 3.37 and a beta of 1.11. The business has a 50-day moving average of $59.13 and a 200-day moving average of $54.67. Stericycle, Inc. has a 1 year low of $37.78 and a 1 year high of $61.77.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. On average, equities analysts anticipate that Stericycle, Inc. will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

SRCL has been the subject of a number of research reports. Truist Financial lifted their price objective on Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, June 4th. StockNews.com assumed coverage on shares of Stericycle in a research report on Tuesday. They set a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 price objective (down from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.00.

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.