Mutual of America Capital Management LLC Reduces Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Mutual of America Capital Management LLC trimmed its stake in Stericycle, Inc. (NASDAQ:SRCL) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,174 shares of the business services provider’s stock after selling 2,973 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Stericycle worth $2,834,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Stericycle by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,681,888 shares of the business services provider’s stock valued at $365,594,000 after buying an additional 139,456 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Stericycle by 1.8% during the 4th quarter. Alliancebernstein L.P. now owns 6,963,391 shares of the business services provider’s stock worth $347,404,000 after purchasing an additional 124,712 shares during the period. Clarkston Capital Partners LLC boosted its stake in Stericycle by 0.8% during the 3rd quarter. Clarkston Capital Partners LLC now owns 6,524,331 shares of the business services provider’s stock worth $291,703,000 after purchasing an additional 52,087 shares during the period. Black Creek Investment Management Inc. boosted its stake in Stericycle by 1.1% during the 3rd quarter. Black Creek Investment Management Inc. now owns 5,493,782 shares of the business services provider’s stock worth $245,627,000 after purchasing an additional 62,400 shares during the period. Finally, Capital Research Global Investors boosted its stake in Stericycle by 1.2% during the 1st quarter. Capital Research Global Investors now owns 4,396,958 shares of the business services provider’s stock worth $259,069,000 after purchasing an additional 51,885 shares during the period. 98.82% of the stock is owned by hedge funds and other institutional investors.

Stericycle Stock Up 0.3 %

Shares of NASDAQ SRCL opened at $48.87 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $57.06. The firm has a 50-day moving average price of $51.39 and a 200 day moving average price of $47.91. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of -203.62, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Wednesday, February 28th. The business services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.07. Stericycle had a negative net margin of 0.80% and a positive return on equity of 7.06%. The firm had revenue of $652.00 million during the quarter, compared to the consensus estimate of $657.99 million. During the same period last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Stericycle, Inc. will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Stericycle Company Profile

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.