Oppenheimer Asset Management Inc. Makes New $569,000 Investment in Stericycle, Inc. (NASDAQ:SRCL)

Oppenheimer Asset Management Inc. acquired a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,791 shares of the business services provider’s stock, valued at approximately $569,000.

A number of other institutional investors have also made changes to their positions in the company. Pentwater Capital Management LP purchased a new stake in Stericycle during the 2nd quarter worth $83,010,000. Capital Research Global Investors grew its stake in shares of Stericycle by 13.4% during 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 in the last quarter. Nuance Investments LLC purchased a new stake in shares of Stericycle during the second quarter worth about $37,263,000. American Century Companies Inc. acquired a new position in shares of Stericycle in the second quarter worth about $34,760,000. Finally, Sei Investments Co. boosted its holdings in 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 purchasing an additional 277,896 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Stericycle Stock Down 0.0 %

SRCL stock opened at $61.68 on Friday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -280.36, a PEG ratio of 3.37 and a beta of 1.11. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $61.77. The firm has a fifty day moving average price of $59.26 and a two-hundred day moving average price of $54.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13.

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 analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. Research analysts predict that Stericycle, Inc. will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial upped their target price on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, June 4th. StockNews.com initiated coverage on shares of Stericycle in a research note on Tuesday. They set a “hold” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods upped their target price 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.