Stericycle, Inc. (NASDAQ:SRCL) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1,057.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315,274 shares of the business services provider’s stock after acquiring an additional 1,201,653 shares during the quarter. Millennium Management LLC’s holdings in Stericycle were worth $76,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mcmorgan & Co. LLC raised its stake in Stericycle by 3.5% during the 2nd quarter. Mcmorgan & Co. LLC now owns 25,326 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 845 shares in the last quarter. Squarepoint Ops LLC grew its position in Stericycle by 585.5% during the 2nd quarter. Squarepoint Ops LLC now owns 164,671 shares of the business services provider’s stock worth $9,572,000 after purchasing an additional 140,650 shares during the last quarter. Aristeia Capital L.L.C. purchased a new position in Stericycle during the 2nd quarter worth $560,000. Marshall Wace LLP purchased a new position in Stericycle during the 2nd quarter worth $4,048,000. Finally, Magnetar Financial LLC purchased a new position in Stericycle during the 2nd quarter worth $81,596,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SRCL shares. Truist Financial raised their price objective on shares of Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Keefe, Bruyette & Woods raised their price objective on shares of Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Finally, StockNews.com began coverage on shares of Stericycle in a research report on Wednesday, September 25th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Stericycle presently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Up 0.1 %

Shares of NASDAQ:SRCL opened at $60.95 on Monday. The company has a market cap of $5.66 billion, a price-to-earnings ratio of -277.05, a PEG ratio of 3.37 and a beta of 1.11. The firm’s 50-day simple moving average is $59.63 and its 200-day simple moving average is $55.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.77.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. As a group, equities research analysts predict that Stericycle, Inc. will post 2.29 earnings per share 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.