National Bank of Canada FI Invests $4.21 Million in Stericycle, Inc. (NASDAQ:SRCL)

National Bank of Canada FI bought a new position in shares of Stericycle, Inc. (NASDAQ:SRCL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,448 shares of the business services provider's stock, valued at approximately $4,208,000. National Bank of Canada FI owned 0.08% of Stericycle at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SRCL. Capital Research Global Investors raised its stake in Stericycle by 13.4% during the fourth quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider's stock worth $296,762,000 after purchasing an additional 705,586 shares during the period. First Eagle Investment Management LLC increased its position in shares of Stericycle by 5.2% in the first quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider's stock worth $12,817,000 after acquiring an additional 12,000 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Stericycle in the fourth quarter worth $156,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Stericycle in the first quarter worth $756,000. Finally, Sei Investments Co. increased its position in shares of Stericycle by 5.9% in the first quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider's stock worth $59,316,000 after acquiring an additional 63,112 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SRCL shares. Keefe, Bruyette & Woods raised their price target on shares of Stericycle from $135.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 4th. Truist Financial lifted their price objective on shares of Stericycle from $50.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, June 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $62.00 target price (down from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Finally, StockNews.com began coverage on shares of Stericycle in a research report on Monday. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $74.00.

Stericycle Stock Down 0.0 %

Shares of NASDAQ SRCL traded down $0.02 during midday trading on Wednesday, hitting $61.67. 1,102,675 shares of the stock traded hands, compared to its average volume of 1,091,328. The company has a market cap of $5.73 billion, a PE ratio of -280.32, a P/E/G ratio of 3.36 and a beta of 1.11. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.76. The business has a 50 day moving average price of $58.80 and a two-hundred day moving average price of $54.37. 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 (NASDAQ:SRCL - Get Free Report) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. On average, equities analysts predict that Stericycle, Inc. will post 2.29 EPS for the current year.

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.