Stericycle, Inc. (NASDAQ:SRCL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171,659 shares of the business services provider’s stock after acquiring an additional 142,814 shares during the period. Dimensional Fund Advisors LP owned about 2.34% of Stericycle worth $126,238,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Clearstead Trust LLC acquired a new stake in Stericycle during the 1st quarter valued at approximately $25,000. Principal Securities Inc. bought a new stake in shares of Stericycle in the fourth quarter worth $41,000. GAMMA Investing LLC raised its holdings in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in Stericycle by 22,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 893 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Stericycle during the 1st quarter valued at $44,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SRCL shares. StockNews.com began coverage on shares of Stericycle in a research report on Tuesday, September 17th. They set a “hold” rating on the stock. Truist Financial upped their price target on Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $62.00 price objective (down previously from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Stericycle Stock Down 0.0 %

Stericycle stock opened at $61.68 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.77. The company has a 50-day simple moving average of $59.33 and a 200-day simple moving average of $54.86. The firm has a market capitalization of $5.73 billion, a P/E ratio of -280.36, a P/E/G ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. As a group, equities analysts expect that Stericycle, Inc. will post 2.29 earnings per share for the current year.

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.