AQR Capital Management LLC Sells 117,690 Shares of Stericycle, Inc. (NASDAQ:SRCL)

AQR Capital Management LLC lowered its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 69.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,785 shares of the business services provider’s stock after selling 117,690 shares during the period. AQR Capital Management LLC owned 0.06% of Stericycle worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SRCL. Retirement Systems of Alabama grew its holdings in shares of Stericycle by 0.3% in the first quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock valued at $6,129,000 after purchasing an additional 305 shares in the last quarter. Mirova raised its holdings in Stericycle by 0.9% in the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock worth $2,497,000 after purchasing an additional 428 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stericycle by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after acquiring an additional 449 shares during the last quarter. Clearstead Trust LLC purchased a new stake in shares of Stericycle during the first quarter worth about $25,000. Finally, Arizona State Retirement System grew its stake in shares of Stericycle by 1.9% during the second quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock worth $1,506,000 after acquiring an additional 487 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Stericycle in a research report on Thursday, October 3rd. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Stericycle currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Stericycle Stock Down 0.1 %

NASDAQ SRCL opened at $60.91 on Tuesday. The business has a fifty day moving average price of $59.93 and a 200 day moving average price of $55.52. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $5.65 billion, a P/E ratio of -276.86, a P/E/G ratio of 3.33 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Research analysts anticipate that Stericycle, Inc. will post 2.29 EPS for the current fiscal year.

Stericycle 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.