Raymond James Trust N.A. decreased its holdings in shares of Stericycle Inc (NASDAQ:SRCL) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,261 shares of the business services provider’s stock after selling 1,417 shares during the period. Raymond James Trust N.A.’s holdings in Stericycle were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Blue Sky Asset Management LLC purchased a new position in shares of Stericycle during the 1st quarter valued at $60,000. Quadrant Capital Group LLC lifted its stake in shares of Stericycle by 1,186.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,171 shares of the business services provider’s stock valued at $61,000 after buying an additional 1,080 shares in the last quarter. North Star Investment Management Corp. lifted its stake in shares of Stericycle by 667.5% during the 1st quarter. North Star Investment Management Corp. now owns 1,535 shares of the business services provider’s stock valued at $84,000 after buying an additional 1,335 shares in the last quarter. Private Capital Group LLC lifted its stake in shares of Stericycle by 163.4% during the 1st quarter. Private Capital Group LLC now owns 1,641 shares of the business services provider’s stock valued at $89,000 after buying an additional 1,018 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of Stericycle during the 1st quarter valued at $94,000. 96.52% of the stock is owned by hedge funds and other institutional investors.

SRCL stock traded down $1.11 during mid-day trading on Monday, hitting $45.82. The company had a trading volume of 37,118 shares, compared to its average volume of 679,880. The firm’s 50-day moving average price is $46.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $4.27 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. Stericycle Inc has a 12-month low of $34.36 and a 12-month high of $71.43.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.30). The business had revenue of $830.10 million for the quarter, compared to analysts’ expectations of $866.19 million. Stericycle had a negative net margin of 8.92% and a positive return on equity of 12.56%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. On average, research analysts forecast that Stericycle Inc will post 3.29 earnings per share for the current fiscal year.

Several analysts have commented on SRCL shares. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Bank of America reiterated an “underperform” rating and issued a $44.00 price target (down previously from $46.00) on shares of Stericycle in a research note on Wednesday, July 17th. Finally, Robert W. Baird cut shares of Stericycle from a “neutral” rating to an “underperform” rating and set a $44.00 price target on the stock. in a research note on Wednesday, April 17th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.67.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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