Stericycle, Inc. (SRCL) Position Raised by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL lifted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,691 shares of the business services provider’s stock after purchasing an additional 225 shares during the quarter. Gofen & Glossberg LLC IL owned about 0.07% of Stericycle worth $4,861,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of SRCL. UBS Asset Management Americas Inc. raised its stake in shares of Stericycle by 8.8% during the first quarter. UBS Asset Management Americas Inc. now owns 214,198 shares of the business services provider’s stock valued at $17,755,000 after purchasing an additional 17,380 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Stericycle during the first quarter valued at about $169,000. Pacer Advisors Inc. raised its stake 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 valued at $144,000 after purchasing an additional 55 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Stericycle by 34.6% during the first quarter. JPMorgan Chase & Co. now owns 16,839 shares of the business services provider’s stock valued at $1,396,000 after purchasing an additional 4,331 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Stericycle by 17.3% during the first quarter. KBC Group NV now owns 7,292 shares of the business services provider’s stock valued at $604,000 after purchasing an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
A number of equities research analysts recently weighed in on SRCL shares. BidaskClub cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and set a $108.00 price objective on shares of Stericycle in a research note on Thursday, July 13th. William Blair restated an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Finally, Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.25.
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Shares of Stericycle, Inc. (NASDAQ:SRCL) traded down 0.94% during midday trading on Friday, reaching $70.60. 454,093 shares of the company’s stock traded hands. Stericycle, Inc. has a 52-week low of $68.62 and a 52-week high of $88.00. The stock’s 50 day moving average price is $71.21 and its 200 day moving average price is $77.50. The firm’s market capitalization is $6.02 billion.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.
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.
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