Raymond James Trust N.A. Has $1.14 Million Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

Raymond James Trust N.A. decreased its position in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 18.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,634 shares of the business services provider's stock after selling 4,340 shares during the period. Raymond James Trust N.A.'s holdings in Stericycle were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRCL. International Assets Investment Management LLC increased its holdings in Stericycle by 4,856.0% during the 4th quarter. International Assets Investment Management LLC now owns 38,062 shares of the business services provider's stock valued at $1,886,000 after purchasing an additional 37,294 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stericycle by 9.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,737 shares of the business services provider's stock valued at $978,000 after buying an additional 1,659 shares during the period. California Public Employees Retirement System lifted its position in shares of Stericycle by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 175,204 shares of the business services provider's stock valued at $8,683,000 after buying an additional 2,926 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Stericycle by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 115,880 shares of the business services provider's stock worth $5,743,000 after buying an additional 355 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 3,334 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Stericycle Price Performance

Shares of NASDAQ:SRCL traded down $0.18 on Monday, reaching $58.68. 793,501 shares of the company were exchanged, compared to its average volume of 996,307. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $59.45. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of -266.73, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The company has a 50-day moving average of $58.39 and a 200-day moving average of $53.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Stericycle (NASDAQ:SRCL - Get Free Report) last released its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The firm had revenue of $661.60 million during 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%. Equities analysts forecast that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SRCL shares. Truist Financial boosted 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. Keefe, Bruyette & Woods lifted their price target on Stericycle from $135.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, June 4th. Royal Bank of Canada reissued 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. Finally, StockNews.com initiated coverage on shares of Stericycle in a research note on Saturday. They set a "hold" rating on the stock. 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.