Principal Financial Group Inc. Purchases 50,143 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Principal Financial Group Inc. increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCLGet Rating) by 16.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,505 shares of the business services provider’s stock after purchasing an additional 50,143 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of Stericycle worth $15,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SRCL. EverSource Wealth Advisors LLC increased its position in Stericycle by 97.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the business services provider’s stock worth $25,000 after purchasing an additional 282 shares in the last quarter. Ancora Advisors LLC acquired a new position in Stericycle during the 1st quarter worth approximately $34,000. Covestor Ltd increased its position in Stericycle by 117.2% during the 1st quarter. Covestor Ltd now owns 1,553 shares of the business services provider’s stock worth $92,000 after purchasing an additional 838 shares in the last quarter. Hightower 6M Holding LLC acquired a new position in Stericycle during the 1st quarter worth approximately $209,000. Finally, Fox Run Management L.L.C. acquired a new position in Stericycle during the 1st quarter worth approximately $228,000. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Trading Up 0.1 %

Shares of NASDAQ SRCL opened at $51.50 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 1.02. Stericycle, Inc. has a 52-week low of $39.63 and a 52-week high of $61.26. The firm has a 50 day moving average price of $45.50 and a two-hundred day moving average price of $46.86. The stock has a market cap of $4.75 billion, a P/E ratio of 735.71, a price-to-earnings-growth ratio of 3.08 and a beta of 1.26.

Stericycle (NASDAQ:SRCLGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Stericycle had a net margin of 0.26% and a return on equity of 7.10%. The firm had revenue of $690.30 million during the quarter, compared to analysts’ expectations of $675.21 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that Stericycle, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Stericycle Profile

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Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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