Andra AP fonden boosted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 56.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the business services provider’s stock after acquiring an additional 5,500 shares during the quarter. Andra AP fonden’s holdings in Stericycle were worth $1,160,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SRCL. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Stericycle during the first quarter worth $100,000. Heritage Trust Co bought a new stake in shares of Stericycle during the first quarter worth $124,000. Pacer Advisors Inc. grew its holdings in shares of Stericycle by 3.3% during the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after purchasing an additional 55 shares during the last quarter. Invictus RG bought a new stake in shares of Stericycle during the first quarter worth $145,000. Finally, Morgan Dempsey Capital Management LLC grew its holdings in shares of Stericycle by 2.6% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.

Stericycle, Inc. (NASDAQ:SRCL) opened at 70.50 on Thursday. The company’s market cap is $6.02 billion. The company has a 50-day moving average price of $74.12 and a 200 day moving average price of $79.68. Stericycle, Inc. has a 12-month low of $70.04 and a 12-month high of $88.00.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, analysts forecast that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.

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Several analysts have recently commented on SRCL shares. Zacks Investment Research cut Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub cut Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $108.00 target price on shares of Stericycle in a report on Thursday, July 13th. Barclays PLC restated an “overweight” rating and set a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. Finally, BMO Capital Markets started coverage on Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.15.

Stericycle Company Profile

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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