Belpointe Asset Management LLC Acquires Shares of 735 Stericycle, Inc. (NASDAQ:SRCL)

Belpointe Asset Management LLC purchased a new position in Stericycle, Inc. (NASDAQ:SRCL – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 735 shares of the business services provider’s stock, valued at approximately $37,000.

Several other large investors have also recently modified their holdings of SRCL. Markel Corp raised its position in Stericycle by 6.4% in the 1st quarter. Markel Corp now owns 631,700 shares of the business services provider’s stock worth $37,220,000 after buying an additional 38,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Stericycle by 3.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,987 shares of the business services provider’s stock valued at $588,000 after purchasing an additional 329 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of Stericycle by 11.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,834 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 490 shares during the period. Natixis Advisors L.P. bought a new stake in shares of Stericycle during the 1st quarter valued at about $630,000. Finally, Bank of Montreal Can grew its stake in shares of Stericycle by 54.3% during the 1st quarter. Bank of Montreal Can now owns 70,931 shares of the business services provider’s stock valued at $4,213,000 after purchasing an additional 24,969 shares during the period. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SRCL. Robert W. Baird downgraded Stericycle from an “outperform” rating to a “neutral” rating and cut their price target for the company from $65.00 to $53.00 in a research note on Friday, February 24th. StockNews.com assumed coverage on Stericycle in a research note on Thursday, May 18th. They set a “buy” rating for the company. Truist Financial assumed coverage on Stericycle in a research note on Monday, April 17th. They set a “hold” rating and a $45.00 price objective for the company. Finally, TheStreet upgraded Stericycle from a “d+” rating to a “c” rating in a research note on Tuesday, March 7th.

Stericycle Trading Down 2.0 %

Shares of NASDAQ:SRCL opened at $42.49 on Friday. The stock has a 50 day moving average of $42.87 and a 200 day moving average of $48.17. The company has a market cap of $3.93 billion, a PE ratio of 48.28, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. Stericycle, Inc. has a 12-month low of $39.63 and a 12-month high of $56.12.

Stericycle (NASDAQ:SRCL – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. Stericycle had a return on equity of 8.58% and a net margin of 2.99%. The company had revenue of $684.30 million for the quarter, compared to analyst estimates of $670.61 million. During the same quarter in the prior year, the firm posted $0.32 EPS. Stericycle’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Stericycle, Inc. will post 1.89 EPS for the current year.

About Stericycle

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Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).