Vestmark Advisory Solutions Inc. Acquires New Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Vestmark Advisory Solutions Inc. bought a new position in Stericycle, Inc. (NASDAQ:SRCL) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,500 shares of the business services provider’s stock, valued at approximately $322,000.

A number of other hedge funds have also added to or reduced their stakes in SRCL. Natixis Advisors L.P. grew its holdings in shares of Stericycle by 19.7% in the fourth quarter. Natixis Advisors L.P. now owns 94,584 shares of the business services provider’s stock worth $4,687,000 after acquiring an additional 15,591 shares during the period. Victory Capital Management Inc. boosted its position in Stericycle by 19.4% in the fourth quarter. Victory Capital Management Inc. now owns 20,487 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 3,334 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Stericycle by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 115,880 shares of the business services provider’s stock valued at $5,743,000 after purchasing an additional 355 shares during the period. California Public Employees Retirement System increased its position in shares of Stericycle by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 175,204 shares of the business services provider’s stock valued at $8,683,000 after purchasing an additional 2,926 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stericycle by 9.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,737 shares of the business services provider’s stock worth $978,000 after purchasing an additional 1,659 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle Stock Up 2.6 %

SRCL opened at $47.38 on Tuesday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -215.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s fifty day moving average is $50.84 and its 200 day moving average is $48.37. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $57.06.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate 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 business had revenue of $664.90 million for the quarter, compared to the consensus estimate of $676.42 million. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Stericycle, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SRCL has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Stericycle in a research report on Thursday, March 7th. Truist Financial cut their price objective on shares of Stericycle from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Robert W. Baird decreased their target price on Stericycle from $62.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Stifel Nicolaus boosted their price target on Stericycle from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company upped their price target on Stericycle from $40.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.40.

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.