SG Americas Securities LLC Acquires 31,602 Shares of Stericycle, Inc. (NASDAQ:SRCL)

SG Americas Securities LLC raised its holdings in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 233.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,140 shares of the business services provider's stock after acquiring an additional 31,602 shares during the period. SG Americas Securities LLC's holdings in Stericycle were worth $2,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Stericycle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider's stock valued at $444,509,000 after buying an additional 52,576 shares during the period. Capital Research Global Investors lifted its stake in Stericycle by 11.4% in the first quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider's stock worth $351,732,000 after purchasing an additional 679,974 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Stericycle by 12.4% during the first quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider's stock valued at $129,766,000 after acquiring an additional 271,025 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stericycle by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider's stock valued at $126,238,000 after purchasing an additional 142,814 shares during the period. Finally, Pentwater Capital Management LP purchased a new stake in shares of Stericycle during the 2nd quarter worth $83,010,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Stericycle in a research note on Thursday, October 3rd. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $74.00.

Stericycle Price Performance

Stericycle stock traded down $0.05 during midday trading on Tuesday, reaching $60.86. The company's stock had a trading volume of 1,065,144 shares, compared to its average volume of 1,148,753. 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 firm has a market capitalization of $5.65 billion, a PE ratio of -276.86, a P/E/G ratio of 3.33 and a beta of 1.11. The stock's 50 day simple moving average is $59.93 and its 200 day simple moving average is $55.52. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.77.

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

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.