Sequoia Financial Advisors LLC Takes Position in Stericycle, Inc. (SRCL)
Sequoia Financial Advisors LLC acquired a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,953 shares of the business services provider’s stock, valued at approximately $3,431,000. Sequoia Financial Advisors LLC owned 0.05% of Stericycle as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC purchased a new stake in Stericycle during the first quarter valued at $100,000. Heritage Trust Co purchased a new stake in Stericycle during the first quarter valued at $124,000. Pacer Advisors Inc. boosted its stake in Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after buying an additional 145 shares during the last quarter. Invictus RG purchased a new stake in Stericycle during the first quarter valued at $145,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake 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 during the last quarter. 93.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 72.03 on Friday. The firm’s 50-day moving average is $74.59 and its 200-day moving average is $79.89. The stock’s market capitalization is $6.15 billion. Stericycle, Inc. has a 52 week low of $70.24 and a 52 week high of $88.00.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. Analysts forecast that Stericycle, Inc. will post $4.60 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/01/sequoia-financial-advisors-llc-takes-position-in-stericycle-inc-srcl.html.
SRCL has been the topic of several research reports. Deutsche Bank AG cut their price objective on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Wednesday, July 5th. BMO Capital Markets initiated coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective on the stock. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Stericycle presently has an average rating of “Hold” and a consensus price target of $81.15.
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.
Receive News & Stock Ratings for Stericycle Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle Inc. and related stocks with our FREE daily email newsletter.