Manning & Napier Group LLC Purchases 3,860 Shares of Stericycle Inc (NASDAQ:SRCL)

Manning & Napier Group LLC lifted its stake in Stericycle Inc (NASDAQ:SRCL) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,526 shares of the business services provider’s stock after purchasing an additional 3,860 shares during the quarter. Manning & Napier Group LLC’s holdings in Stericycle were worth $5,475,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its position in shares of Stericycle by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,760 shares of the business services provider’s stock valued at $753,000 after purchasing an additional 240 shares during the last quarter. Investors Research Corp raised its position in shares of Stericycle by 7.5% in the 2nd quarter. Investors Research Corp now owns 3,575 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 250 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Stericycle by 6.1% in the 2nd quarter. Advisory Services Network LLC now owns 5,040 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 290 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Stericycle by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 111,312 shares of the business services provider’s stock valued at $5,315,000 after purchasing an additional 324 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its position in shares of Stericycle by 0.9% in the 2nd quarter. Goelzer Investment Management Inc. now owns 39,660 shares of the business services provider’s stock valued at $1,894,000 after purchasing an additional 362 shares during the last quarter.

SRCL opened at $50.99 on Friday. Stericycle Inc has a 12-month low of $34.36 and a 12-month high of $58.73. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.48 billion, a PE ratio of 11.46, a P/E/G ratio of 2.37 and a beta of 1.24. The firm has a 50 day moving average of $47.95 and a two-hundred day moving average of $48.85.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.27). Stericycle had a positive return on equity of 10.90% and a negative net margin of 10.73%. The business had revenue of $845.80 million for the quarter, compared to analysts’ expectations of $843.95 million. During the same period in the prior year, the business posted $1.17 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that Stericycle Inc will post 2.59 EPS for the current fiscal year.

SRCL has been the subject of several research analyst reports. ValuEngine raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 6th. BidaskClub lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Robert W. Baird raised shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 price objective for the company in a research report on Friday, August 2nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $44.00 price objective (down from $46.00) on shares of Stericycle in a research report on Wednesday, July 17th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.80.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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