Mutual of America Capital Management LLC Trims Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Mutual of America Capital Management LLC decreased its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,124 shares of the business services provider’s stock after selling 2,006 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Stericycle worth $3,088,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new stake in Stericycle in the first quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of Stericycle during the 2nd quarter valued at about $45,000. GAMMA Investing LLC increased its position in shares of Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after buying an additional 516 shares during the period. Headlands Technologies LLC bought a new position in Stericycle in the first quarter worth about $44,000. Finally, TFO Wealth Partners LLC lifted its holdings in Stericycle by 22,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after buying an additional 893 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Stericycle Stock Performance

Shares of NASDAQ SRCL opened at $61.68 on Tuesday. The firm’s 50 day moving average price is $59.40 and its 200-day moving average price is $54.92. Stericycle, Inc. has a 52-week low of $37.78 and a 52-week high of $61.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $5.73 billion, a PE ratio of -280.36, a P/E/G ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. On average, equities research analysts expect that Stericycle, Inc. will post 2.29 EPS for the current fiscal year.

Stericycle 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.