8,357 Shares in Stericycle, Inc. (SRCL) Acquired by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL purchased a new position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,357 shares of the business services provider’s stock, valued at approximately $638,000.
A number of other large investors have also added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Stericycle during the first quarter valued at $100,000. Heritage Trust Co bought a new position in Stericycle during the first quarter valued at approximately $124,000. Pacer Advisors Inc. increased its position in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares in the last quarter. Invictus RG bought a new position in Stericycle during the first quarter valued at approximately $145,000. Finally, Morgan Dempsey Capital Management LLC increased its position in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares in the last quarter. 93.71% of the stock is currently owned by institutional investors.
Shares of Stericycle, Inc. (SRCL) opened at 72.02 on Wednesday. Stericycle, Inc. has a 1-year low of $70.24 and a 1-year high of $88.00. The stock’s 50 day moving average price is $75.00 and its 200 day moving average price is $80.00. The stock’s market cap is $6.15 billion.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, equities research analysts anticipate that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.
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Several brokerages have issued reports on SRCL. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird lowered shares of Stericycle from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $74.00 to $73.00 in a research report on Monday, May 15th. Deutsche Bank AG decreased their price objective on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Finally, BMO Capital Markets started coverage on shares of Stericycle in a research report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Stericycle has a consensus rating of “Hold” and a consensus target price 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.
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