Retirement Systems of Alabama Has $5.74 Million Position in Stericycle, Inc. (NASDAQ:SRCL)

Retirement Systems of Alabama raised its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,880 shares of the business services provider’s stock after buying an additional 355 shares during the period. Retirement Systems of Alabama owned about 0.13% of Stericycle worth $5,743,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in shares of Stericycle by 87.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,001 shares of the business services provider’s stock valued at $45,000 after buying an additional 467 shares during the period. Ramirez Asset Management Inc. acquired a new stake in shares of Stericycle in the 3rd quarter valued at $45,000. Essex Investment Management Co. LLC lifted its stake in shares of Stericycle by 16.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 2,691 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 387 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Stericycle by 15.4% in the 4th quarter. Blue Trust Inc. now owns 3,125 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 416 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in shares of Stericycle in the 3rd quarter valued at $230,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

SRCL has been the subject of several analyst reports. StockNews.com lowered shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Truist Financial cut their target price on shares of Stericycle from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Stifel Nicolaus boosted their target price on shares of Stericycle from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company boosted their target price on shares of Stericycle from $40.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, Robert W. Baird cut their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Stericycle presently has an average rating of “Hold” and a consensus target price of $59.40.

Stericycle Stock Performance

NASDAQ:SRCL opened at $46.18 on Monday. The firm’s 50-day moving average is $50.91 and its 200-day moving average is $48.28. Stericycle, Inc. has a 52-week low of $37.78 and a 52-week high of $57.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. The company had revenue of $664.90 million for the quarter, compared to the consensus estimate of $676.42 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts forecast that Stericycle, Inc. will post 2.32 earnings per share for the current year.

About Stericycle

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.