Texas Permanent School Fund Has $2.92 Million Stock Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Texas Permanent School Fund raised its stake in Stericycle, Inc. (NASDAQ:SRCLGet Rating) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,559 shares of the business services provider’s stock after purchasing an additional 1,432 shares during the quarter. Texas Permanent School Fund owned 0.07% of Stericycle worth $2,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SRCL. Truist Financial Corp boosted its holdings in shares of Stericycle by 6.8% in the first quarter. Truist Financial Corp now owns 20,615 shares of the business services provider’s stock worth $1,215,000 after acquiring an additional 1,314 shares during the period. Comerica Bank grew its stake in shares of Stericycle by 2.3% in the first quarter. Comerica Bank now owns 46,678 shares of the business services provider’s stock worth $2,631,000 after purchasing an additional 1,042 shares during the last quarter. First Bank & Trust grew its stake in shares of Stericycle by 13.4% in the first quarter. First Bank & Trust now owns 1,756 shares of the business services provider’s stock worth $103,000 after purchasing an additional 208 shares during the last quarter. Park Avenue Securities LLC boosted its position in Stericycle by 34.9% during the 1st quarter. Park Avenue Securities LLC now owns 5,164 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 1,335 shares in the last quarter. Finally, 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 acquiring an additional 261 shares in the last quarter. 98.05% of the stock is owned by institutional investors.

Stericycle Price Performance

Shares of SRCL opened at $51.80 on Friday. The firm has a market cap of $4.77 billion, a PE ratio of 740.00, a P/E/G ratio of 3.15 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $45.46 and a two-hundred day simple moving average of $46.89. Stericycle, Inc. has a 1-year low of $39.63 and a 1-year high of $63.07.

Stericycle (NASDAQ:SRCLGet Rating) last announced its earnings results on Thursday, November 3rd. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Stericycle had a net margin of 0.26% and a return on equity of 7.10%. The business had revenue of $690.30 million during the quarter, compared to analyst estimates of $675.21 million. During the same period in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Stericycle, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Stericycle Company Profile

(Get Rating)

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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