WINTON GROUP Ltd Buys New Shares in Stericycle, Inc. (NASDAQ:SRCL)

WINTON GROUP Ltd purchased a new position in shares of Stericycle, Inc. (NASDAQ:SRCL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 92,137 shares of the business services provider’s stock, valued at approximately $5,356,000.

Several other institutional investors have also recently modified their holdings of SRCL. Victory Capital Management Inc. boosted its stake in Stericycle by 19.4% in the fourth quarter. Victory Capital Management Inc. now owns 20,487 shares of the business services provider’s stock worth $1,015,000 after buying an additional 3,334 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Stericycle by 8.6% in the 4th quarter. Private Advisor Group LLC now owns 5,788 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 459 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Stericycle during the 4th quarter valued at $41,000. Dimensional Fund Advisors LP raised its position in Stericycle by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,971,719 shares of the business services provider’s stock worth $97,720,000 after purchasing an additional 192,045 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Stericycle by 14.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,653 shares of the business services provider’s stock worth $280,000 after purchasing an additional 705 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Stericycle Price Performance

Shares of SRCL stock opened at $61.71 on Friday. 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, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.77. The firm has a market cap of $5.73 billion, a P/E ratio of -280.50, a P/E/G ratio of 3.37 and a beta of 1.11. The business’s 50 day moving average price is $59.00 and its 200-day moving average price is $54.57.

Stericycle (NASDAQ:SRCL) last released its quarterly 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 analysts’ expectations of $672.07 million. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. On average, equities research analysts anticipate that Stericycle, Inc. will post 2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

SRCL has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. StockNews.com initiated coverage on Stericycle in a research report on Monday, September 9th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on Stericycle from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Finally, Truist Financial raised their target price on shares of Stericycle from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

About Stericycle

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.