Castleark Management LLC continued to hold its position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,890 shares of the business services provider’s stock at the close of the 2nd quarter. Castleark Management LLC’s holdings in Stericycle were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Stericycle by 3.0% during the second quarter. Vanguard Group Inc. now owns 8,334,537 shares of the business services provider’s stock valued at $636,092,000 after buying an additional 240,327 shares during the last quarter. BlackRock Inc. lifted its position in shares of Stericycle by 6.4% during the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock valued at $413,139,000 after buying an additional 323,664 shares during the last quarter. State Street Corp lifted its position in shares of Stericycle by 1.1% during the first quarter. State Street Corp now owns 3,470,873 shares of the business services provider’s stock valued at $287,693,000 after buying an additional 39,382 shares during the last quarter. Fairpointe Capital LLC lifted its position in shares of Stericycle by 14.5% during the first quarter. Fairpointe Capital LLC now owns 2,391,424 shares of the business services provider’s stock valued at $198,225,000 after buying an additional 302,369 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Stericycle by 5.1% during the second quarter. Jennison Associates LLC now owns 1,489,121 shares of the business services provider’s stock valued at $113,650,000 after buying an additional 71,623 shares during the last quarter. 93.54% of the stock is owned by institutional investors and hedge funds.

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Several research firms have commented on SRCL. 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 Friday, August 11th. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, BMO Capital Markets initiated coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Stericycle presently has an average rating of “Hold” and an average target price of $81.25.

Shares of Stericycle, Inc. (SRCL) traded down 0.08% during trading on Monday, reaching $70.54. 50,936 shares of the company traded hands. The company’s market capitalization is $6.02 billion. The stock’s 50 day moving average is $71.20 and its 200 day moving average is $77.45. Stericycle, Inc. has a 1-year low of $68.62 and a 1-year high of $88.00.

Stericycle (NASDAQ:SRCL) last posted its earnings results 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. The firm had revenue of $917.70 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $1.18 earnings per share. On average, analysts forecast that Stericycle, Inc. will post $4.59 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.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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