Bradley Foster & Sargent Inc. CT increased its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,650 shares of the business services provider’s stock after acquiring an additional 2,625 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Stericycle were worth $2,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Stericycle by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock worth $483,000 after acquiring an additional 24 shares during the last quarter. RiverPoint Capital Management LLC grew its position in Stericycle by 0.6% during the 2nd quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock worth $393,000 after acquiring an additional 29 shares during the last quarter. HighTower Advisors LLC grew its position in Stericycle by 0.5% during the 1st quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock worth $627,000 after acquiring an additional 41 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its position in Stericycle by 2.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after acquiring an additional 48 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Stericycle by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

A number of research firms recently commented on SRCL. Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $74.00 to $73.00 in a research report on Monday, May 15th. Deutsche Bank AG decreased 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 Monday, May 22nd. Zacks Investment Research lowered Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets started coverage on Stericycle in a research report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $81.15.

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Stericycle, Inc. (NASDAQ SRCL) opened at 71.74 on Monday. The firm’s market cap is $6.12 billion. The stock has a 50 day moving average price of $74.47 and a 200-day moving average price of $79.85. Stericycle, Inc. has a 1-year low of $70.24 and a 1-year high of $88.00.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $902.81 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Stericycle’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that Stericycle, Inc. will post $4.60 EPS for the current year.

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.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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