Stericycle, Inc. (SRCL) Position Maintained by Employees Retirement System of Texas
Employees Retirement System of Texas maintained its position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the business services provider’s stock at the close of the 2nd quarter. Employees Retirement System of Texas’ holdings in Stericycle were worth $382,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Stericycle in the first quarter valued at about $100,000. Invictus RG acquired a new position in Stericycle in the first quarter worth about $145,000. Pacer Advisors Inc. raised its position in Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after purchasing an additional 145 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in Stericycle in the second quarter worth about $223,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Stericycle by 8.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock worth $194,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 71.90 on Friday. The firm’s market cap is $6.14 billion. The stock’s 50 day moving average is $71.12 and its 200 day moving average is $77.21. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping 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 company had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same quarter in the prior year, the firm posted $1.18 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Stericycle, Inc. will post $4.59 earnings per share for the current year.
SRCL has been the subject of several recent research reports. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price target on shares of Stericycle in a research report on Thursday, July 13th. William Blair reissued an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Finally, Barclays PLC reissued an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $81.25.
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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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