International Assets Investment Management LLC Increases Holdings in Stericycle, Inc. (NASDAQ:SRCL)

International Assets Investment Management LLC lifted its stake in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 4,856.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,062 shares of the business services provider's stock after purchasing an additional 37,294 shares during the quarter. International Assets Investment Management LLC's holdings in Stericycle were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in Stericycle by 30.6% in the 3rd quarter. Barclays PLC now owns 70,408 shares of the business services provider's stock worth $3,147,000 after buying an additional 16,505 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stericycle by 17.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,078 shares of the business services provider's stock worth $808,000 after buying an additional 2,671 shares in the last quarter. Earnest Partners LLC increased its holdings in Stericycle by 6.6% in the 3rd quarter. Earnest Partners LLC now owns 1,941,254 shares of the business services provider's stock worth $86,793,000 after buying an additional 120,852 shares in the last quarter. Pathstone Family Office LLC bought a new stake in Stericycle in the 3rd quarter worth about $230,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Stericycle by 25.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,860 shares of the business services provider's stock worth $3,034,000 after buying an additional 13,860 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Stericycle Stock Performance

Shares of SRCL stock traded up $1.04 during trading hours on Friday, reaching $49.91. 444,564 shares of the company traded hands, compared to its average volume of 361,797. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $57.06. 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 company has a market cap of $4.63 billion, a P/E ratio of -207.95, a P/E/G ratio of 2.70 and a beta of 1.09. The firm has a 50-day moving average price of $51.41 and a 200 day moving average price of $48.03.

Stericycle (NASDAQ:SRCL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.07. Stericycle had a positive return on equity of 7.06% and a negative net margin of 0.80%. The firm had revenue of $652.00 million for the quarter, compared to analysts' expectations of $657.99 million. During the same period in the previous year, the firm earned $0.60 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Stericycle, Inc. will post 2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SRCL shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Stericycle in a report on Thursday, March 7th. Truist Financial boosted their price target on Stericycle from $50.00 to $57.00 and gave the company a "hold" rating in a research note on Thursday, February 29th. StockNews.com downgraded 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 boosted their price target on Stericycle from $40.00 to $48.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Stericycle currently has a consensus 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.