Advisor Group Holdings Inc. Boosts Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

Advisor Group Holdings Inc. boosted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL – Get Rating) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,986 shares of the business services provider’s stock after purchasing an additional 1,840 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Stericycle were worth $7,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SRCL. First Bank & Trust increased its holdings in shares of Stericycle by 13.4% in the 1st quarter. First Bank & Trust now owns 1,756 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 208 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Stericycle by 1.1% in the 1st quarter. Fifth Third Bancorp now owns 24,733 shares of the business services provider’s stock valued at $1,457,000 after acquiring an additional 261 shares during the last quarter. Tranquility Partners LLC boosted its position in Stericycle by 2.3% during the 1st quarter. Tranquility Partners LLC now owns 11,838 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 261 shares during the period. National Asset Management Inc. boosted its position in Stericycle by 7.5% during the 4th quarter. National Asset Management Inc. now owns 3,991 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 278 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in Stericycle by 1.9% during the 1st quarter. Stratos Wealth Partners LTD. now owns 17,100 shares of the business services provider’s stock valued at $1,008,000 after purchasing an additional 313 shares during the period. 99.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SRCL shares. Barrington Research restated a “market perform” rating on shares of Stericycle in a research report on Tuesday, April 19th. Berenberg Bank lowered Stericycle from a “buy” rating to a “hold” rating and reduced their price target for the stock from $95.00 to $46.00 in a research report on Thursday, May 12th. They noted that the move was a valuation call. StockNews.com lowered Stericycle from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Robert W. Baird cut their price objective on Stericycle from $72.00 to $63.00 in a report on Friday, April 29th. Finally, TheStreet lowered Stericycle from a “c” rating to a “d+” rating in a report on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Stericycle presently has a consensus rating of “Hold” and a consensus target price of $58.67.

Stericycle Stock Up 6.9 %

NASDAQ:SRCL opened at $50.53 on Friday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -68.28, a PEG ratio of 2.97 and a beta of 1.30. Stericycle, Inc. has a 1-year low of $40.35 and a 1-year high of $72.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $45.32 and its 200 day moving average price is $51.75.

Stericycle (NASDAQ:SRCL – Get Rating) last posted its quarterly earnings results on Friday, August 5th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $679.80 million for the quarter, compared to analyst estimates of $678.27 million. Stericycle had a positive return on equity of 6.84% and a negative net margin of 2.58%. Stericycle’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. On average, sell-side analysts forecast that Stericycle, Inc. will post 2.04 earnings per share for the current fiscal year.

Stericycle Profile

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Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.