First Eagle Investment Management LLC Has $11.36 Million Stake in Stericycle, Inc. (NASDAQ:SRCL)

First Eagle Investment Management LLC lessened its position in Stericycle, Inc. (NASDAQ:SRCL) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,475 shares of the business services provider’s stock after selling 47,500 shares during the period. First Eagle Investment Management LLC owned 0.21% of Stericycle worth $11,363,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in shares of Stericycle in the first quarter worth $25,000. Principal Securities Inc. bought a new stake in shares of Stericycle in the 4th quarter valued at about $41,000. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 516 shares during the period. TFO Wealth Partners LLC raised its position in shares of Stericycle by 22,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after acquiring an additional 893 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Stericycle in the first quarter worth approximately $44,000. 98.82% of the stock is currently owned by institutional investors.

Stericycle Price Performance

Shares of NASDAQ SRCL opened at $61.70 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5.73 billion, a PE ratio of -280.45, a P/E/G ratio of 3.37 and a beta of 1.11. The company’s fifty day simple moving average is $59.19 and its 200 day simple moving average is $54.72. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.77.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The company had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $672.07 million. As a group, sell-side analysts forecast that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SRCL has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of 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 reissued a “sector perform” rating and set a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods upped 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, StockNews.com initiated coverage on Stericycle in a report on Tuesday. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.