Ashmore Wealth Management LLC reduced its stake in Stericycle Inc (NASDAQ:SRCL) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,800 shares of the business services provider’s stock after selling 23,939 shares during the period. Stericycle accounts for 0.9% of Ashmore Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Ashmore Wealth Management LLC owned about 0.34% of Stericycle worth $17,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of SRCL. Baillie Gifford & Co. grew its stake in Stericycle by 110.9% in the 3rd quarter. Baillie Gifford & Co. now owns 5,394,337 shares of the business services provider’s stock worth $316,539,000 after acquiring an additional 2,835,972 shares in the last quarter. Mainstay Capital Management LLC ADV grew its stake in Stericycle by 4,966.8% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 605,378 shares of the business services provider’s stock worth $9,426,000 after acquiring an additional 593,430 shares in the last quarter. FMR LLC grew its stake in Stericycle by 22.3% in the 3rd quarter. FMR LLC now owns 2,404,843 shares of the business services provider’s stock worth $141,116,000 after acquiring an additional 438,662 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Stericycle in the 3rd quarter worth about $24,564,000. Finally, Veritas Asset Management LLP bought a new position in Stericycle in the 3rd quarter worth about $19,897,000. Institutional investors and hedge funds own 93.05% of the company’s stock.
NASDAQ SRCL opened at $48.07 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.07. Stericycle Inc has a 52-week low of $44.15 and a 52-week high of $76.73. The company has a market cap of $4.35 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. Stericycle had a net margin of 4.63% and a return on equity of 13.74%. The firm had revenue of $854.90 million for the quarter, compared to the consensus estimate of $856.36 million. During the same period last year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that Stericycle Inc will post 4.37 earnings per share for the current year.
A number of brokerages have commented on SRCL. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. BMO Capital Markets dropped their price objective on shares of Stericycle from $71.00 to $63.00 and set a “market perform” rating on the stock in a research note on Monday, August 6th. BidaskClub downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Barrington Research set a $72.00 price objective on shares of Stericycle and gave the company a “buy” rating in a research note on Friday, October 5th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Stericycle in a research note on Friday, October 12th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.38.
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Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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