Healthcare of Ontario Pension Plan Trust Fund Takes $1.54 Million Position in Stericycle, Inc. (NASDAQ:SRCL)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Stericycle, Inc. (NASDAQ:SRCLGet Rating) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 35,168 shares of the business services provider’s stock, valued at approximately $1,542,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Stericycle by 97.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 282 shares during the period. Ancora Advisors LLC bought a new position in Stericycle in the 1st quarter valued at about $34,000. Covestor Ltd raised its holdings in Stericycle by 117.2% in the 1st quarter. Covestor Ltd now owns 1,553 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 838 shares during the period. Hightower 6M Holding LLC bought a new position in Stericycle in the 1st quarter valued at about $209,000. Finally, Fox Run Management L.L.C. bought a new position in Stericycle in the 1st quarter valued at about $228,000. 98.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Stericycle from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Stericycle currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Stericycle Stock Performance

Shares of NASDAQ:SRCL opened at $51.50 on Friday. The company’s 50 day moving average price is $45.52 and its two-hundred day moving average price is $46.89. Stericycle, Inc. has a 12-month low of $39.63 and a 12-month high of $61.26. The firm has a market cap of $4.75 billion, a PE ratio of 735.71, a PEG ratio of 3.18 and a beta of 1.26. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.71.

Stericycle (NASDAQ:SRCLGet Rating) last announced its earnings results on Thursday, November 3rd. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Stericycle had a net margin of 0.26% and a return on equity of 7.10%. The firm had revenue of $690.30 million for the quarter, compared to analyst estimates of $675.21 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Stericycle, Inc. will post 2.03 earnings per share for the current year.

Stericycle Profile

(Get Rating)

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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