Ninety One UK Ltd Sells 22,967 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Ninety One UK Ltd trimmed its position in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 483,491 shares of the business services provider's stock after selling 22,967 shares during the period. Ninety One UK Ltd owned 0.52% of Stericycle worth $23,962,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in Stericycle in the first quarter valued at $34,000. Quarry LP acquired a new stake in Stericycle in the first quarter valued at $30,000. First Capital Advisors Group LLC. acquired a new stake in Stericycle in the second quarter valued at $36,000. International Assets Investment Management LLC acquired a new stake in Stericycle in the third quarter valued at $36,000. Finally, Point72 Middle East FZE acquired a new stake in Stericycle in the fourth quarter valued at $39,000. 98.82% of the stock is currently owned by institutional investors.

Stericycle Stock Up 2.1 %

Shares of SRCL traded up $1.04 during trading hours on Friday, hitting $49.91. The stock had a trading volume of 444,564 shares, compared to its average volume of 449,677. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $51.41 and a 200-day simple moving average of $47.95. The firm has a market capitalization of $4.63 billion, a P/E ratio of -207.96, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $57.06.

Stericycle (NASDAQ:SRCL - Get Free Report) last issued its earnings results on Wednesday, February 28th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $652.00 million during the quarter, compared to the consensus estimate of $657.99 million. Stericycle had a positive return on equity of 7.06% and a negative net margin of 0.80%. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Sell-side analysts predict that Stericycle, Inc. will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Stericycle in a report on Thursday, March 7th. Stifel Nicolaus increased their price objective on Stericycle from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Wells Fargo & Company increased their price target on Stericycle from $40.00 to $48.00 and gave the stock an "underweight" rating in a report on Friday, March 1st. Truist Financial increased their price target on Stericycle from $50.00 to $57.00 and gave the stock a "hold" rating in a report on Thursday, February 29th. Finally, StockNews.com downgraded Stericycle from a "buy" rating to a "hold" rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $62.25.

Stericycle 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.