United Services Automobile Association Buys New Stake in Stericycle, Inc. (NASDAQ:SRCL)

United Services Automobile Association purchased a new position in shares of Stericycle, Inc. (NASDAQ:SRCL – Get Rating) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,245 shares of the business services provider’s stock, valued at approximately $432,000.

A number of other institutional investors have also modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in Stericycle during the first quarter worth about $34,000. Quadrant Capital Group LLC grew its holdings in Stericycle by 495.1% during the second quarter. Quadrant Capital Group LLC now owns 726 shares of the business services provider’s stock worth $32,000 after acquiring an additional 604 shares during the period. Ronald Blue Trust Inc. acquired a new stake in Stericycle during the second quarter worth about $76,000. EverSource Wealth Advisors LLC grew its holdings in Stericycle by 128.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the business services provider’s stock worth $55,000 after acquiring an additional 735 shares during the period. Finally, Covestor Ltd grew its holdings in Stericycle by 117.2% during the first quarter. Covestor Ltd now owns 1,553 shares of the business services provider’s stock worth $92,000 after acquiring an additional 838 shares during the period. Hedge funds and other institutional investors own 98.06% of the company’s stock.

Stericycle Stock Performance

Shares of SRCL stock opened at $43.60 on Wednesday. The company has a market capitalization of $4.02 billion, a P/E ratio of 71.92, a P/E/G ratio of 2.86 and a beta of 1.25. The business’s 50 day moving average is $51.71 and its two-hundred day moving average is $49.22. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. Stericycle, Inc. has a 12-month low of $39.63 and a 12-month high of $59.89.

Stericycle (NASDAQ:SRCL – Get Rating) last released its earnings results on Thursday, February 23rd. The business services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $670.40 million for the quarter, compared to the consensus estimate of $698.26 million. Stericycle had a return on equity of 7.95% and a net margin of 2.07%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Analysts expect that Stericycle, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SRCL shares. TheStreet raised Stericycle from a “d+” rating to a “c” rating in a report on Tuesday, March 7th. Robert W. Baird lowered Stericycle from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $65.00 to $53.00 in a report on Friday, February 24th. Finally, StockNews.com downgraded Stericycle from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.50.

Insider Activity

In other news, Director Naren K. Gursahaney bought 6,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average price of $47.91 per share, for a total transaction of $287,460.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $287,460. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

About Stericycle

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Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).