Stericycle, Inc. (NASDAQ:SRCL) Holdings Lowered by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. lowered its stake in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,785 shares of the business services provider's stock after selling 41,908 shares during the period. Mesirow Institutional Investment Management Inc. owned about 0.22% of Stericycle worth $11,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Clearstead Trust LLC acquired a new position in Stericycle in the first quarter valued at approximately $25,000. Principal Securities Inc. acquired a new stake in Stericycle during the 4th quarter worth $41,000. GAMMA Investing LLC lifted its position in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider's stock valued at $43,000 after acquiring an additional 516 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in Stericycle by 22,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider's stock valued at $44,000 after acquiring an additional 893 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Stericycle during the first quarter worth about $44,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Stericycle Stock Up 0.4 %

Shares of SRCL stock traded up $0.25 during mid-day trading on Wednesday, reaching $59.30. 861,352 shares of the company were exchanged, compared to its average volume of 998,918. The company has a market capitalization of $5.51 billion, a P/E ratio of -269.41, a P/E/G ratio of 3.23 and a beta of 1.11. The business's 50 day simple moving average is $58.53 and its 200 day simple moving average is $53.98. 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 $59.45.

Stericycle (NASDAQ:SRCL - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Research analysts predict that Stericycle, Inc. will post 2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SRCL shares. 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 note on Tuesday, June 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $62.00 target price (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Truist Financial upped their target price on shares of Stericycle from $50.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, June 4th. Finally, StockNews.com assumed coverage on Stericycle in a research note on Sunday. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.