Blair William & Co. IL Purchases 6,210 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Blair William & Co. IL increased its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 137.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,730 shares of the business services provider’s stock after purchasing an additional 6,210 shares during the period. Blair William & Co. IL’s holdings in Stericycle were worth $624,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SRCL. Pentwater Capital Management LP acquired a new position in shares of Stericycle during the second quarter worth approximately $83,010,000. Alpine Associates Management Inc. acquired a new position in Stericycle during the 2nd quarter valued at $62,298,000. Capital Research Global Investors boosted its holdings in Stericycle by 13.4% in the 4th quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider’s stock valued at $296,762,000 after purchasing an additional 705,586 shares during the period. Nuance Investments LLC acquired a new stake in Stericycle in the 2nd quarter worth $37,263,000. Finally, American Century Companies Inc. bought a new position in shares of Stericycle during the 2nd quarter worth about $34,760,000. Institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial increased their target price on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods boosted their price objective on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. StockNews.com initiated coverage on Stericycle in a research note on Wednesday. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 price target (down previously from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Stock Performance

Shares of NASDAQ:SRCL opened at $61.05 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The business’s fifty day moving average price is $59.53 and its two-hundred day moving average price is $55.03. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.77. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of -277.50, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. As a group, analysts predict that Stericycle, Inc. will post 2.29 EPS for the current fiscal year.

Stericycle Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.