Lombard Odier Asset Management Europe Ltd Lowers Position in Stericycle, Inc. (NASDAQ:SRCL)

Lombard Odier Asset Management Europe Ltd cut its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 57.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,437 shares of the business services provider’s stock after selling 13,851 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Stericycle were worth $607,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in shares of Stericycle in the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in shares of Stericycle by 170.9% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after purchasing an additional 516 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Stericycle by 22,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after buying an additional 893 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Stericycle in the 1st quarter worth about $44,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Stericycle during the second quarter worth approximately $45,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Stock Performance

NASDAQ SRCL opened at $61.68 on Tuesday. Stericycle, Inc. has a 12 month low of $37.78 and a 12 month high of $61.77. The stock has a market capitalization of $5.73 billion, a P/E ratio of -280.36, a PEG ratio of 3.37 and a beta of 1.11. The firm’s 50-day moving average is $59.40 and its two-hundred day moving average is $54.92. 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 posted its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm 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%. On average, sell-side analysts anticipate that Stericycle, Inc. will post 2.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SRCL shares. 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 note on Tuesday, June 4th. StockNews.com initiated coverage on Stericycle in a research report on Tuesday, September 17th. They set a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $62.00 target price (down from $69.00) on shares of Stericycle in a report on Tuesday, June 4th. Finally, Truist Financial lifted their target price on shares of Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, June 4th. One equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.00.

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.