FNY Managed Accounts LLC Takes Position in Stericycle, Inc. (SRCL)
FNY Managed Accounts LLC acquired a new stake in Stericycle, Inc. (NASDAQ:SRCL) in the second quarter, according to its most recent filing with the SEC. The fund acquired 6,655 shares of the business services provider’s stock, valued at approximately $507,000. Stericycle makes up 5.1% of FNY Managed Accounts LLC’s holdings, making the stock its 2nd largest holding.
Other institutional investors have also added to or reduced their stakes in the company. Silver Heights Capital Management Inc. grew its stake in Stericycle by 2.4% in the 1st quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock valued at $23,003,000 after buying an additional 6,490 shares in the last quarter. Capital Investment Services of America Inc. grew its stake in Stericycle by 3.5% in the 2nd quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock valued at $8,593,000 after buying an additional 3,825 shares in the last quarter. Vanguard Group Inc. grew its stake in Stericycle by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock valued at $670,929,000 after buying an additional 251,061 shares in the last quarter. Barings LLC purchased a new position in Stericycle in the 1st quarter valued at approximately $283,000. Finally, Stifel Financial Corp grew its stake in Stericycle by 41.1% in the 1st quarter. Stifel Financial Corp now owns 59,130 shares of the business services provider’s stock valued at $4,893,000 after buying an additional 17,211 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research note 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 research report on Thursday, August 3rd. Robert W. Baird lowered 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 Monday, May 15th. Deutsche Bank AG reduced their price target 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 set a “market perform” rating and a $81.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.25.
Stericycle, Inc. (NASDAQ:SRCL) traded up 1.44% during mid-day trading on Monday, reaching $71.27. 243,605 shares of the company’s stock traded hands. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The stock has a 50-day moving average price of $73.62 and a 200-day moving average price of $79.45. The stock’s market capitalization is $6.08 billion.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ 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 business had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. During the same period in the prior year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts expect that Stericycle, Inc. will post $4.60 EPS for the current year.
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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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