Louisiana State Employees Retirement System Purchases New Position in Stericycle, Inc. (NASDAQ:SRCL)

Louisiana State Employees Retirement System bought a new stake in Stericycle, Inc. (NASDAQ:SRCL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,000 shares of the business services provider's stock, valued at approximately $1,289,000.

A number of other hedge funds have also recently bought and sold shares of SRCL. Exchange Traded Concepts LLC lifted its holdings in Stericycle by 87.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,001 shares of the business services provider's stock worth $45,000 after buying an additional 467 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in Stericycle during the 3rd quarter worth approximately $45,000. Essex Investment Management Co. LLC lifted its holdings in Stericycle by 16.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 2,691 shares of the business services provider's stock worth $120,000 after buying an additional 387 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Stericycle by 365.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,709 shares of the business services provider's stock worth $126,000 after buying an additional 2,127 shares during the last quarter. Finally, Arlington Partners LLC lifted its holdings in Stericycle by 34.0% during the 3rd quarter. Arlington Partners LLC now owns 3,384 shares of the business services provider's stock worth $151,000 after buying an additional 859 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company's stock.

Analysts Set New Price Targets

SRCL has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Stericycle in a report on Thursday, March 7th. Truist Financial raised 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. Wells Fargo & Company raised 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. Stifel Nicolaus raised their target price on Stericycle from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Finally, StockNews.com cut Stericycle from a "buy" rating to a "hold" rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.25.

Stericycle Price Performance

Shares of NASDAQ SRCL traded up $1.03 during mid-day trading on Monday, reaching $50.94. The company had a trading volume of 514,819 shares, compared to its average volume of 450,522. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.73 billion, a PE ratio of -212.24, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a 50-day moving average price of $51.45 and a two-hundred day moving average price of $48.09. 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, topping the consensus estimate of $0.47 by $0.07. The business had revenue of $652.00 million during the quarter, compared to analysts' expectations of $657.99 million. Stericycle had a positive return on equity of 7.06% and a negative net margin of 0.80%. Stericycle's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Stericycle, Inc. will post 2.31 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.