Neuberger Berman Group LLC Decreases Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Neuberger Berman Group LLC trimmed its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1.7% in the second quarter, Holdings Channel reports. The firm owned 1,370,807 shares of the business services provider’s stock after selling 23,591 shares during the period. Neuberger Berman Group LLC’s holdings in Stericycle were worth $97,575,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Stericycle by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,348,216 shares of the business services provider’s stock worth $597,315,000 after purchasing an additional 107,138 shares during the period. Baillie Gifford & Co. boosted its position in Stericycle by 2.7% in the 2nd quarter. Baillie Gifford & Co. now owns 4,857,587 shares of the business services provider’s stock valued at $347,560,000 after buying an additional 129,543 shares during the last quarter. Ariel Investments LLC boosted its position in Stericycle by 2.7% in the 2nd quarter. Ariel Investments LLC now owns 3,783,869 shares of the business services provider’s stock valued at $270,736,000 after buying an additional 99,895 shares during the last quarter. Southpoint Capital Advisors LP boosted its position in Stericycle by 20.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 3,000,000 shares of the business services provider’s stock valued at $202,530,000 after buying an additional 500,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Stericycle by 26.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,741,542 shares of the business services provider’s stock valued at $117,571,000 after buying an additional 362,393 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Shares of SRCL stock opened at $67.94 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 0.81. Stericycle, Inc. has a one year low of $61.63 and a one year high of $79.97. The company’s 50-day simple moving average is $68.20 and its 200-day simple moving average is $71.01. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 283.08, a PEG ratio of 2.71 and a beta of 1.40.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Friday, August 6th. The business services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Stericycle had a return on equity of 9.99% and a net margin of 0.86%. The company had revenue of $672.70 million for the quarter, compared to the consensus estimate of $668.66 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, research analysts forecast that Stericycle, Inc. will post 2.56 EPS for the current year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Stericycle from a “hold” rating to a “sell” rating and set a $72.00 price objective for the company. in a research report on Friday, October 8th. Barrington Research reissued a “hold” rating on shares of Stericycle in a research report on Wednesday, August 18th. Finally, TheStreet cut shares of Stericycle from a “b-” rating to a “c” rating in a research report on Wednesday, June 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Company Profile

Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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