ProShare Advisors LLC Boosts Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

ProShare Advisors LLC increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 89.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,545 shares of the business services provider’s stock after purchasing an additional 4,032 shares during the quarter. ProShare Advisors LLC’s holdings in Stericycle were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRCL. Clearstead Trust LLC purchased a new stake in Stericycle during the 1st quarter worth about $25,000. GAMMA Investing LLC grew its holdings in Stericycle by 170.9% in the 1st 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 during the period. TFO Wealth Partners LLC grew its holdings in Stericycle by 22,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock valued at $44,000 after buying an additional 893 shares during the period. Headlands Technologies LLC purchased a new stake in Stericycle in the 1st quarter valued at about $44,000. Finally, International Assets Investment Management LLC purchased a new stake in Stericycle in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Stericycle Stock Performance

NASDAQ SRCL opened at $61.00 on Tuesday. The firm has a market capitalization of $5.66 billion, a P/E ratio of -277.27, a P/E/G ratio of 3.37 and a beta of 1.11. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $61.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day simple moving average is $59.68 and its 200-day simple moving average is $55.23.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Equities 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.