Nuance Investments LLC Makes New $37.26 Million Investment in Stericycle, Inc. (NASDAQ:SRCL)

Nuance Investments LLC purchased a new position in Stericycle, Inc. (NASDAQ:SRCL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 641,033 shares of the business services provider's stock, valued at approximately $37,263,000. Stericycle comprises 1.1% of Nuance Investments LLC's holdings, making the stock its 25th biggest holding. Nuance Investments LLC owned 0.69% of Stericycle as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SRCL. Pentwater Capital Management LP acquired a new position in Stericycle in the second quarter worth approximately $83,010,000. Capital Research Global Investors grew its position in Stericycle by 13.4% in 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 buying an additional 705,586 shares during the last quarter. American Century Companies Inc. acquired a new position in Stericycle in the second quarter worth approximately $34,760,000. Sei Investments Co. grew its position in Stericycle by 35.5% in the fourth quarter. Sei Investments Co. now owns 1,061,369 shares of the business services provider's stock worth $52,601,000 after buying an additional 277,896 shares during the last quarter. Finally, Robeco Schweiz AG grew its position in Stericycle by 28.2% in the second quarter. Robeco Schweiz AG now owns 1,243,992 shares of the business services provider's stock worth $72,313,000 after buying an additional 273,914 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Stericycle Stock Up 0.0 %

Shares of Stericycle stock traded up $0.01 on Friday, hitting $61.71. 2,532,240 shares of the company traded hands, compared to its average volume of 1,101,706. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.77. The company has a 50-day moving average price of $59.00 and a 200 day moving average price of $54.55. The company has a market cap of $5.73 billion, a PE ratio of -280.50, a PEG ratio of 3.37 and a beta of 1.11.

Stericycle (NASDAQ:SRCL - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. Sell-side analysts predict that Stericycle, Inc. will post 2.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SRCL shares. StockNews.com started coverage on shares of Stericycle in a research report on Monday. They set a "hold" rating on the stock. 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 report on Tuesday, June 4th. Truist Financial boosted their price target on shares of Stericycle from $50.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, June 4th. Finally, Keefe, Bruyette & Woods boosted 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $74.00.

Stericycle Company 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.