Stericycle, Inc. (NASDAQ:SRCL) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 26.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,154 shares of the business services provider’s stock after acquiring an additional 22,166 shares during the quarter. Van ECK Associates Corp’s holdings in Stericycle were worth $5,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of Stericycle during the 4th quarter worth about $41,000. GAMMA Investing LLC raised its position in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 516 shares during the period. TFO Wealth Partners LLC increased its stake in Stericycle by 22,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after purchasing an additional 893 shares during the period. Ramirez Asset Management Inc. acquired a new stake in shares of Stericycle in the third quarter valued at $45,000. Finally, Sachetta LLC acquired a new stake in Stericycle in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Stericycle Trading Down 0.0 %

Shares of Stericycle stock traded down $0.02 during trading hours on Friday, hitting $58.39. 458,830 shares of the company’s stock traded hands, compared to its average volume of 985,503. Stericycle, Inc. has a twelve month low of $37.78 and a twelve month high of $59.45. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $52.48 and a 200-day simple moving average of $51.02.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Stericycle had a positive return on equity of 7.31% and a negative net margin of 0.74%. The firm had revenue of $664.90 million during the quarter, compared to analyst estimates of $676.42 million. During the same quarter last year, the firm earned $0.49 EPS. Stericycle’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Stericycle, Inc. will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SRCL shares. Truist Financial upped their target price on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. Robert W. Baird dropped their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Keefe, Bruyette & Woods lifted their price objective on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. StockNews.com started coverage on Stericycle in a report on Saturday, June 29th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 price target (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Stericycle has an average rating of “Hold” and an average price target of $74.00.

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.