Versor Investments LP Buys Shares of 55,910 Stericycle, Inc. (NASDAQ:SRCL)

Versor Investments LP bought a new stake in Stericycle, Inc. (NASDAQ:SRCL - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 55,910 shares of the business services provider's stock, valued at approximately $3,250,000. Stericycle makes up approximately 0.6% of Versor Investments LP's holdings, making the stock its 16th largest holding. Versor Investments LP owned approximately 0.06% of Stericycle at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Pentwater Capital Management LP acquired a new stake in Stericycle during the 2nd quarter valued at $83,010,000. International Assets Investment Management LLC purchased a new stake in shares of Stericycle in the second quarter valued at $45,000. Innealta Capital LLC acquired a new stake in shares of Stericycle during the second quarter valued at $62,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stericycle by 15.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,844 shares of the business services provider's stock valued at $1,212,000 after acquiring an additional 2,729 shares during the last quarter. Finally, Skylands Capital LLC increased its position in Stericycle by 28.8% during the 2nd quarter. Skylands Capital LLC now owns 29,100 shares of the business services provider's stock worth $1,692,000 after purchasing an additional 6,500 shares in the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Stericycle Stock Performance

SRCL traded up $0.25 on Monday, hitting $59.26. 1,059,200 shares of the company's stock were exchanged, compared to its average volume of 1,002,068. The firm has a market cap of $5.50 billion, a PE ratio of -269.36, a P/E/G ratio of 3.23 and a beta of 1.11. The stock has a fifty day moving average of $58.50 and a two-hundred day moving average of $53.91. Stericycle, Inc. has a twelve month low of $37.78 and a twelve month high of $59.45. 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 issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. On average, research analysts anticipate that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SRCL has been the subject of a number of research analyst reports. StockNews.com assumed coverage on Stericycle in a report on Sunday. They set a "hold" rating for the company. Truist Financial boosted their target price on Stericycle from $50.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday, June 4th. Keefe, Bruyette & Woods raised their price target on shares of Stericycle from $135.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada reiterated 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. One equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $74.00.

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.