Stericycle, Inc. (NASDAQ:SRCL) Stake Held by Handelsbanken Fonder AB

Handelsbanken Fonder AB continued to hold its position in shares of Stericycle, Inc. (NASDAQ:SRCL) during the second quarter, Holdings Channel reports. The fund owned 25,000 shares of the business services provider’s stock at the end of the second quarter. Handelsbanken Fonder AB’s holdings in Stericycle were worth $1,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SRCL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Stericycle by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,877 shares of the business services provider’s stock valued at $376,000 after buying an additional 20 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Stericycle by 0.5% in the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock valued at $627,000 after buying an additional 41 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in shares of Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Stericycle by 1.2% in the first quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock valued at $436,000 after buying an additional 60 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Stericycle, Inc. (SRCL) opened at 76.48 on Monday. Stericycle, Inc. has a 52-week low of $71.52 and a 52-week high of $107.74. The company’s 50-day moving average price is $80.67 and its 200-day moving average price is $80.83. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 39.85 and a beta of 0.13.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $892.40 million during the quarter, compared to the consensus estimate of $874.34 million. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. Stericycle’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Equities research analysts expect that Stericycle, Inc. will post $4.63 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the company. Jefferies Group LLC set a $108.00 target price on Stericycle and gave the stock a “buy” rating in a research report on Saturday, May 6th. BMO Capital Markets assumed coverage on Stericycle in a research report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 target price for the company. Barclays PLC assumed coverage on Stericycle in a research report on Thursday, April 13th. They issued an “overweight” rating and a $100.00 target price for the company. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, April 25th. Finally, Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $74.00 to $73.00 in a research report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $81.15.

About Stericycle

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

Want to see what other hedge funds are holding SRCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stericycle, Inc. (NASDAQ:SRCL).

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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