Stericycle Inc (NASDAQ:SRCL) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,493 shares of the business services provider’s stock after purchasing an additional 4,077 shares during the quarter. CIBC Private Wealth Group LLC owned 0.05% of Stericycle worth $2,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SRCL. Bank of New York Mellon Corp lifted its holdings in Stericycle by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 923,897 shares of the business services provider’s stock valued at $44,116,000 after acquiring an additional 43,112 shares during the period. Earnest Partners LLC lifted its holdings in Stericycle by 20.6% in the second quarter. Earnest Partners LLC now owns 414,326 shares of the business services provider’s stock valued at $19,784,000 after acquiring an additional 70,892 shares during the period. Callodine Capital Management LP lifted its holdings in Stericycle by 52.3% in the second quarter. Callodine Capital Management LP now owns 220,872 shares of the business services provider’s stock valued at $10,547,000 after acquiring an additional 75,872 shares during the period. Northern Trust Corp lifted its holdings in Stericycle by 3.7% in the second quarter. Northern Trust Corp now owns 880,250 shares of the business services provider’s stock valued at $42,031,000 after acquiring an additional 31,193 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in Stericycle by 8.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,608,752 shares of the business services provider’s stock valued at $172,318,000 after acquiring an additional 278,461 shares during the period.

A number of equities research analysts have commented on SRCL shares. BidaskClub raised Stericycle from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th. Robert W. Baird raised Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 target price for the company in a report on Friday, August 2nd. Finally, Bank of America reissued an “underperform” rating and issued a $44.00 target price (down previously from $46.00) on shares of Stericycle in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Stericycle presently has a consensus rating of “Hold” and an average target price of $51.80.

Shares of SRCL stock opened at $54.14 on Monday. Stericycle Inc has a fifty-two week low of $34.36 and a fifty-two week high of $58.73. The stock has a market cap of $4.85 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.57 and a beta of 1.24. The business has a fifty day simple moving average of $49.09 and a 200-day simple moving average of $48.81. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.18.

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

About Stericycle

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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