First Trust Advisors LP lowered its position in Stericycle, Inc. (NASDAQ:SRCL) by 72.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,185 shares of the business services provider’s stock after selling 169,769 shares during the period. First Trust Advisors LP owned about 0.08% of Stericycle worth $4,975,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Stericycle by 0.5% in the second quarter. Arizona State Retirement System now owns 21,190 shares of the business services provider’s stock worth $1,617,000 after buying an additional 100 shares in the last quarter. Stearns Financial Services Group raised its position in Stericycle by 8.1% in the second quarter. Stearns Financial Services Group now owns 8,474 shares of the business services provider’s stock worth $647,000 after buying an additional 638 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Stericycle by 8.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 463,513 shares of the business services provider’s stock worth $35,376,000 after buying an additional 37,927 shares in the last quarter. HL Financial Services LLC raised its position in Stericycle by 3.3% in the second quarter. HL Financial Services LLC now owns 5,661 shares of the business services provider’s stock worth $432,000 after buying an additional 181 shares in the last quarter. Finally, Goelzer Investment Management Inc. raised its position in Stericycle by 1.8% in the second quarter. Goelzer Investment Management Inc. now owns 52,355 shares of the business services provider’s stock worth $3,996,000 after buying an additional 930 shares in the last quarter. 93.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 71.89 on Friday. Stericycle, Inc. has a 1-year low of $70.24 and a 1-year high of $88.00. The company has a 50-day moving average of $74.59 and a 200-day moving average of $79.89. The company’s market cap is $6.13 billion.

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

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A number of research firms have weighed in on SRCL. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research report on Friday, August 11th. 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. Zacks Investment Research lowered shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. 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 objective for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Stericycle currently has an average rating of “Hold” and an average price target 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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