Baird Financial Group Inc. Boosts Stake in Stericycle, Inc. (NASDAQ:SRCL)

Baird Financial Group Inc. increased its position in Stericycle, Inc. (NASDAQ:SRCLGet Rating) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,547 shares of the business services provider’s stock after purchasing an additional 2,836 shares during the period. Baird Financial Group Inc.’s holdings in Stericycle were worth $1,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SRCL. Black Creek Investment Management Inc. lifted its holdings in shares of Stericycle by 10.1% in the 1st quarter. Black Creek Investment Management Inc. now owns 3,061,289 shares of the business services provider’s stock valued at $180,371,000 after purchasing an additional 280,552 shares during the last quarter. Bank of America Corp DE raised its stake in Stericycle by 17.6% during the 1st quarter. Bank of America Corp DE now owns 938,225 shares of the business services provider’s stock valued at $55,281,000 after acquiring an additional 140,308 shares during the last quarter. Northern Trust Corp raised its stake in Stericycle by 11.2% during the 1st quarter. Northern Trust Corp now owns 1,230,921 shares of the business services provider’s stock valued at $72,526,000 after acquiring an additional 123,501 shares during the last quarter. State Street Corp raised its stake in Stericycle by 4.9% during the 1st quarter. State Street Corp now owns 2,431,548 shares of the business services provider’s stock valued at $143,267,000 after acquiring an additional 114,639 shares during the last quarter. Finally, Ariel Investments LLC raised its stake in Stericycle by 2.3% during the 1st quarter. Ariel Investments LLC now owns 4,340,429 shares of the business services provider’s stock valued at $255,738,000 after acquiring an additional 95,921 shares during the last quarter. 98.05% of the stock is owned by hedge funds and other institutional investors.

Stericycle Stock Performance

NASDAQ SRCL opened at $50.89 on Thursday. 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 business’s 50 day moving average is $45.55 and its two-hundred day moving average is $46.80. Stericycle, Inc. has a 12-month low of $39.63 and a 12-month high of $62.81. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 727.00, a PEG ratio of 3.16 and a beta of 1.26.

Stericycle (NASDAQ:SRCLGet Rating) last released its earnings results on Thursday, November 3rd. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Stericycle had a return on equity of 7.10% and a net margin of 0.26%. The company had revenue of $690.30 million for the quarter, compared to analysts’ expectations of $675.21 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts expect that Stericycle, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Stericycle from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

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.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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