Mutual of America Capital Management LLC Sells 2,044 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Mutual of America Capital Management LLC trimmed its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,130 shares of the business services provider’s stock after selling 2,044 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Stericycle worth $2,908,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Stericycle by 21.5% during the first quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock worth $420,000 after purchasing an additional 1,408 shares during the period. Retirement Systems of Alabama boosted its position in Stericycle by 0.3% during the first quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after purchasing an additional 305 shares during the period. Van ECK Associates Corp boosted its position in Stericycle by 26.4% during the first quarter. Van ECK Associates Corp now owns 106,154 shares of the business services provider’s stock worth $5,600,000 after purchasing an additional 22,166 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Stericycle by 23.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 557,562 shares of the business services provider’s stock worth $29,411,000 after purchasing an additional 107,562 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Stericycle by 2.6% in the first quarter. Principal Financial Group Inc. now owns 348,324 shares of the business services provider’s stock valued at $18,374,000 after acquiring an additional 8,668 shares during the period. 98.82% of the stock is owned by institutional investors.

Stericycle Stock Down 0.1 %

SRCL stock opened at $58.27 on Friday. The company has a market cap of $5.41 billion, a PE ratio of -264.86, a price-to-earnings-growth ratio of 3.14 and a beta of 1.11. The business has a 50-day simple moving average of $54.05 and a 200 day simple moving average of $51.37. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $59.45. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.55.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $664.90 million during the quarter, compared to the consensus estimate of $676.42 million. Stericycle had a positive return on equity of 7.31% and a negative net margin of 0.74%. Stericycle’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Sell-side analysts anticipate that Stericycle, Inc. will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SRCL has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Stericycle in a research report on Sunday, July 7th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Truist Financial boosted their target price on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Finally, Robert W. Baird reduced their target price on shares of Stericycle from $62.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.00.

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.