South Dakota Investment Council Sells 23,900 Shares of Stericycle, Inc. (NASDAQ:SRCL)

South Dakota Investment Council lessened its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 57.0% during the fourth quarter, HoldingsChannel reports. The firm owned 18,036 shares of the business services provider’s stock after selling 23,900 shares during the quarter. South Dakota Investment Council’s holdings in Stericycle were worth $894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC raised its position in Stericycle by 481.3% during the 3rd quarter. SG Americas Securities LLC now owns 28,088 shares of the business services provider’s stock worth $1,256,000 after purchasing an additional 23,256 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Stericycle by 87.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,001 shares of the business services provider’s stock worth $45,000 after acquiring an additional 467 shares during the period. Strategic Blueprint LLC boosted its holdings in Stericycle by 6.5% in the third quarter. Strategic Blueprint LLC now owns 5,283 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 322 shares during the last quarter. Oak Thistle LLC acquired a new stake in Stericycle during the 3rd quarter valued at approximately $556,000. Finally, Simplicity Solutions LLC bought a new position in Stericycle during the 3rd quarter worth approximately $221,000. Institutional investors own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

SRCL has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Stericycle from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Stifel Nicolaus increased their price target on Stericycle from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price objective on shares of Stericycle in a research note on Thursday, March 7th. Wells Fargo & Company raised their target price on Stericycle from $40.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Finally, StockNews.com lowered Stericycle from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.25.

Stericycle Price Performance

Shares of SRCL opened at $46.51 on Friday. Stericycle, Inc. has a one year low of $37.78 and a one year high of $57.06. The stock has a 50-day moving average of $51.42 and a 200-day moving average of $48.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 0.94.

Stericycle (NASDAQ:SRCL) last released its earnings results 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 negative net margin of 0.80% and a positive return on equity of 7.06%. The firm had revenue of $664.90 million during the quarter, compared to the consensus estimate of $676.42 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Stericycle, Inc. will post 2.32 earnings per share for the current fiscal 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.