Stericycle, Inc. (NASDAQ:SRCL) Short Interest Update

Stericycle, Inc. (NASDAQ:SRCL - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 2,460,000 shares, an increase of 30.9% from the April 15th total of 1,880,000 shares. Based on an average daily trading volume, of 503,200 shares, the days-to-cover ratio is currently 4.9 days.

Stericycle Stock Performance

Stericycle stock traded up $0.03 during midday trading on Friday, hitting $46.94. 288,265 shares of the company were exchanged, compared to its average volume of 522,694. The business has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $48.55. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $57.06. The firm has a market capitalization of $4.36 billion, a PE ratio of -213.36, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11.

Stericycle (NASDAQ:SRCL - Get Free Report) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $664.90 million for the quarter, compared to analyst estimates of $676.42 million. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, sell-side analysts forecast that Stericycle will post 2.32 earnings per share for the current year.

Analysts Set New Price Targets

SRCL has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Stericycle from $62.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 26th. Truist Financial dropped their price objective on shares of Stericycle from $57.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, April 29th. StockNews.com lowered Stericycle from a "buy" rating to a "hold" rating in a research note on Tuesday, April 2nd. Stifel Nicolaus boosted their price target on Stericycle from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company raised their price objective on Stericycle from $40.00 to $48.00 and gave the stock an "underweight" rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.40.

Institutional Investors Weigh In On Stericycle

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in shares of 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 in the last quarter. Sei Investments Co. raised its holdings in shares of Stericycle by 35.5% during the fourth quarter. Sei Investments Co. now owns 1,061,369 shares of the business services provider's stock valued at $52,601,000 after acquiring an additional 277,896 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Stericycle by 5.7% during the third quarter. Ariel Investments LLC now owns 4,328,036 shares of the business services provider's stock valued at $193,506,000 after acquiring an additional 233,612 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of Stericycle by 55.5% in the fourth quarter. Heartland Advisors Inc. now owns 583,545 shares of the business services provider's stock valued at $29,733,000 after acquiring an additional 208,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Stericycle by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,971,719 shares of the business services provider's stock worth $97,720,000 after acquiring an additional 192,045 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

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.