Aristeia Capital L.L.C. Makes New Investment in Stericycle, Inc. (NASDAQ:SRCL)

Aristeia Capital L.L.C. purchased a new stake in shares of Stericycle, Inc. (NASDAQ:SRCL) in the second quarter, according to its most recent filing with the SEC. The firm purchased 9,628 shares of the business services provider’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC purchased a new position in Stericycle in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in shares of Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after buying an additional 516 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of Stericycle by 22,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after buying an additional 893 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Stericycle in the 1st quarter worth about $44,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Stericycle in the 2nd quarter worth about $45,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SRCL shares. Royal Bank of Canada restated a “sector perform” rating and set a $62.00 target price (down previously from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. StockNews.com began coverage on Stericycle in a research report on Tuesday, September 17th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upped their target price on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Finally, Truist Financial raised their price target on Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stericycle presently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Performance

Shares of SRCL opened at $61.68 on Tuesday. Stericycle, Inc. has a 1 year low of $37.78 and a 1 year high of $61.77. The company’s 50 day simple moving average is $59.40 and its 200 day simple moving average is $54.92. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of -280.36, a PEG ratio of 3.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The company had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. On average, sell-side analysts predict that Stericycle, Inc. will post 2.29 EPS for the current year.

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.