Stericycle, Inc. (NASDAQ:SRCL) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 145.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,532 shares of the business services provider’s stock after purchasing an additional 19,846 shares during the period. Cerity Partners LLC’s holdings in Stericycle were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Quarry LP purchased a new stake in Stericycle during the 1st quarter valued at about $30,000. Ancora Advisors LLC purchased a new stake in Stericycle during the 1st quarter valued at about $34,000. International Assets Investment Management LLC purchased a new stake in Stericycle during the 3rd quarter valued at about $36,000. First Capital Advisors Group LLC. purchased a new stake in Stericycle during the 2nd quarter valued at about $36,000. Finally, Point72 Middle East FZE purchased a new stake in Stericycle during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Stericycle Price Performance

Shares of SRCL stock opened at $49.91 on Friday. The firm’s 50 day moving average price is $51.41 and its 200-day moving average price is $47.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 0.94. Stericycle, Inc. has a one year low of $37.78 and a one year high of $57.06.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.47 by $0.07. Stericycle had a negative net margin of 0.80% and a positive return on equity of 7.06%. The firm had revenue of $652.00 million for the quarter, compared to analyst estimates of $657.99 million. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts forecast that Stericycle, Inc. will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SRCL. Wells Fargo & Company upped their price objective on shares of Stericycle from $40.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Stericycle in a research note on Thursday, March 7th. StockNews.com cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus increased their price target on shares of Stericycle from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Truist Financial increased their price target on shares of Stericycle from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.25.

Stericycle Company 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.