Barings LLC bought a new position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 3,419 shares of the business services provider’s stock, valued at approximately $283,000.

A number of other large investors also recently added to or reduced their stakes in SRCL. Eads & Heald Investment Counsel increased its stake in Stericycle by 24.9% in the first quarter. Eads & Heald Investment Counsel now owns 4,198 shares of the business services provider’s stock worth $348,000 after buying an additional 836 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Stericycle during the fourth quarter worth about $6,297,000. Silver Heights Capital Management Inc. boosted its position in shares of Stericycle by 2.4% in the first quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after buying an additional 6,490 shares during the period. Federated Investors Inc. PA boosted its position in shares of Stericycle by 31.1% in the fourth quarter. Federated Investors Inc. PA now owns 2,259 shares of the business services provider’s stock worth $174,000 after buying an additional 536 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in shares of Stericycle by 25.2% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 49,030 shares of the business services provider’s stock worth $4,064,000 after buying an additional 9,870 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Stericycle, Inc. (NASDAQ SRCL) traded down 2.03% on Tuesday, hitting $77.06. 621,669 shares of the stock were exchanged. The company has a market cap of $6.57 billion, a P/E ratio of 40.16 and a beta of 0.13. Stericycle, Inc. has a one year low of $71.52 and a one year high of $90.43. The company’s 50 day moving average price is $76.90 and its 200-day moving average price is $80.64.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 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 company had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter last year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.

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A number of research analysts have weighed in on SRCL shares. Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $74.00 to $73.00 in a research report on Friday, May 5th. Deutsche Bank AG reduced their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Barclays PLC started coverage on shares of Stericycle in a research report on Thursday, April 13th. They set an “overweight” rating and a $100.00 price target on the stock. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets started coverage on shares of Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Stericycle presently has an average rating of “Hold” and an average target price of $81.15.

About Stericycle

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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