Alpine Associates Management Inc. Acquires Shares of 1,071,700 Stericycle, Inc. (NASDAQ:SRCL)

Alpine Associates Management Inc. bought a new position in shares of Stericycle, Inc. (NASDAQ:SRCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,071,700 shares of the business services provider's stock, valued at approximately $62,298,000. Stericycle comprises 3.0% of Alpine Associates Management Inc.'s portfolio, making the stock its 13th largest holding. Alpine Associates Management Inc. owned about 1.15% of Stericycle at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SRCL. WINTON GROUP Ltd acquired a new stake in shares of Stericycle during the second quarter valued at $5,356,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Stericycle during the 2nd quarter worth about $569,000. Nuance Investments LLC purchased a new stake in shares of Stericycle during the second quarter worth about $37,263,000. Robeco Schweiz AG grew its holdings in shares of Stericycle by 28.2% during 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 in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Stericycle in the second quarter valued at approximately $34,760,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Trading Down 0.0 %

SRCL traded down $0.02 on Monday, reaching $61.69. 1,026,117 shares of the company's stock were exchanged, compared to its average volume of 1,101,281. Stericycle, Inc. has a twelve month low of $37.78 and a twelve month high of $61.77. The company's 50 day moving average is $59.00 and its 200-day moving average is $54.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $5.73 billion, a price-to-earnings 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, 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 company had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. Equities analysts predict that Stericycle, Inc. will post 2.29 earnings per share for the current year.

Analyst Ratings Changes

SRCL has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $62.00 target price (down from $69.00) on shares of Stericycle in a research note on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price objective on shares of Stericycle from $135.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, June 4th. Truist Financial boosted their target price 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, StockNews.com began coverage on shares of Stericycle in a research note on Monday, September 9th. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Stericycle 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.