100,000 Shares in Stericycle, Inc. (NASDAQ:SRCL) Purchased by Syquant Capital Sas

Syquant Capital Sas purchased a new stake in Stericycle, Inc. (NASDAQ:SRCL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,000 shares of the business services provider’s stock, valued at approximately $6,100,000. Stericycle accounts for 22.5% of Syquant Capital Sas’ holdings, making the stock its 2nd biggest position. Syquant Capital Sas owned approximately 0.11% of Stericycle at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Stericycle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock worth $444,509,000 after purchasing an additional 52,576 shares during the period. Capital Research Global Investors raised its holdings in shares of Stericycle by 11.4% during the 1st quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock valued at $351,732,000 after buying an additional 679,974 shares during the period. Earnest Partners LLC lifted its position in Stericycle by 12.4% during the 1st quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock worth $129,766,000 after acquiring an additional 271,025 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stericycle by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock worth $126,238,000 after acquiring an additional 142,814 shares during the period. Finally, Schroder Investment Management Group grew its position in Stericycle by 8.1% in the fourth quarter. Schroder Investment Management Group now owns 1,739,644 shares of the business services provider’s stock valued at $86,217,000 after acquiring an additional 129,822 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Stock Performance

Shares of NASDAQ SRCL traded down $0.07 during trading on Friday, reaching $61.00. The stock had a trading volume of 864,875 shares, compared to its average volume of 2,441,955. The firm’s 50 day moving average price is $59.88 and its two-hundred day moving average price is $55.43. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.77. The stock has a market cap of $5.66 billion, a PE ratio of -277.27, a P/E/G ratio of 3.33 and a beta of 1.11. 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 (NASDAQ:SRCL) last released 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 analyst estimates of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. On average, research analysts forecast that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Stericycle in a report on Thursday. They issued a “hold” rating on the stock. 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 stock. According to data from MarketBeat.com, Stericycle has an average rating of “Hold” and a consensus target price 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.