Markel Corp Has $27.19 Million Stake in Stericycle Inc (NASDAQ:SRCL)

Markel Corp boosted its holdings in shares of Stericycle Inc (NASDAQ:SRCL) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 569,500 shares of the business services provider’s stock after buying an additional 24,000 shares during the quarter. Markel Corp’s holdings in Stericycle were worth $27,194,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SRCL. Swiss National Bank grew its position in shares of Stericycle by 2.2% in the second quarter. Swiss National Bank now owns 168,700 shares of the business services provider’s stock valued at $8,055,000 after purchasing an additional 3,600 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Stericycle by 49.0% in the second quarter. Envestnet Asset Management Inc. now owns 94,430 shares of the business services provider’s stock valued at $4,509,000 after purchasing an additional 31,071 shares during the last quarter. Buckhead Capital Management LLC grew its position in shares of Stericycle by 0.6% in the second quarter. Buckhead Capital Management LLC now owns 94,473 shares of the business services provider’s stock valued at $4,511,000 after purchasing an additional 579 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Stericycle by 14.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,067,828 shares of the business services provider’s stock valued at $50,989,000 after purchasing an additional 138,110 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Stericycle by 6.1% in the second quarter. Advisory Services Network LLC now owns 5,040 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 290 shares during the last quarter. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on SRCL shares. Bank of America reaffirmed an “underperform” rating and issued a $44.00 price target (down from $46.00) on shares of Stericycle in a research report on Wednesday, July 17th. BidaskClub downgraded Stericycle from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded Stericycle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 7th. ValuEngine raised Stericycle from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Robert W. Baird raised Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 target price on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Stericycle has a consensus rating of “Hold” and a consensus price target of $51.80.

SRCL stock traded up $1.28 during trading on Friday, reaching $44.99. 784,500 shares of the stock were exchanged, compared to its average volume of 1,220,819. Stericycle Inc has a twelve month low of $34.36 and a twelve month high of $62.80. The company has a market capitalization of $3.98 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The stock has a 50 day simple moving average of $45.87 and a 200-day simple moving average of $48.65. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18.

Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, August 1st. The business services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.27). Stericycle had a positive return on equity of 10.90% and a negative net margin of 10.73%. The firm had revenue of $845.80 million for the quarter, compared to analyst estimates of $843.95 million. During the same period last year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts predict that Stericycle Inc will post 2.59 EPS for the current year.

About Stericycle

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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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