Covington Capital Management Trims Stock Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Covington Capital Management trimmed its holdings in Stericycle, Inc. (NASDAQ:SRCLGet Rating) by 17.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,562 shares of the business services provider’s stock after selling 975 shares during the period. Covington Capital Management’s holdings in Stericycle were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SRCL. Eagle Asset Management Inc. grew its position in shares of Stericycle by 4.8% during the 1st quarter. Eagle Asset Management Inc. now owns 27,539 shares of the business services provider’s stock valued at $1,622,000 after purchasing an additional 1,252 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Stericycle by 66.3% during the first quarter. Cerity Partners LLC now owns 23,533 shares of the business services provider’s stock valued at $1,387,000 after acquiring an additional 9,380 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Stericycle by 11.5% during the first quarter. Van ECK Associates Corp now owns 44,818 shares of the business services provider’s stock valued at $2,641,000 after buying an additional 4,607 shares during the period. Ensign Peak Advisors Inc increased its position in shares of Stericycle by 6.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 232,662 shares of the business services provider’s stock valued at $13,876,000 after buying an additional 14,564 shares during the period. Finally, Capital Research Global Investors increased its position in shares of Stericycle by 24.0% during the fourth quarter. Capital Research Global Investors now owns 4,345,073 shares of the business services provider’s stock valued at $259,140,000 after buying an additional 840,222 shares during the period. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle Trading Down 2.1 %

Shares of SRCL opened at $49.41 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 0.96. Stericycle, Inc. has a fifty-two week low of $40.35 and a fifty-two week high of $70.91. The firm’s 50-day simple moving average is $49.14 and its two-hundred day simple moving average is $50.25.

Stericycle (NASDAQ:SRCLGet Rating) last issued its earnings results on Friday, August 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $679.80 million for the quarter, compared to the consensus estimate of $678.27 million. Stericycle had a negative net margin of 3.28% and a positive return on equity of 6.22%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Sell-side analysts forecast that Stericycle, Inc. will post 2.02 EPS for the current year.

About Stericycle

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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.

See Also

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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