Stericycle, Inc. (NASDAQ:SRCL) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its position in Stericycle, Inc. (NASDAQ:SRCL) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,037 shares of the business services provider’s stock after selling 10,173 shares during the period. Stratos Wealth Partners LTD. owned about 0.06% of Stericycle worth $3,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eads & Heald Investment Counsel increased its position in shares of Stericycle by 24.9% in the first quarter. Eads & Heald Investment Counsel now owns 4,198 shares of the business services provider’s stock worth $348,000 after buying an additional 836 shares during the period. Silver Heights Capital Management Inc. increased its position in Stericycle by 2.4% in the first quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after buying an additional 6,490 shares during the last quarter. Capital Investment Services of America Inc. increased its position in Stericycle by 3.5% in the second quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock worth $8,593,000 after buying an additional 3,825 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in Stericycle by 25.2% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 49,030 shares of the business services provider’s stock worth $4,064,000 after buying an additional 9,870 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Stericycle by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after buying an additional 251,061 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Stericycle, Inc. (NASDAQ:SRCL) traded down 0.57% during trading on Friday, reaching $71.03. 1,349,933 shares of the company traded hands. The company’s 50-day moving average price is $76.45 and its 200 day moving average price is $80.44. The firm’s market capitalization is $6.06 billion. Stericycle, Inc. has a 52 week low of $70.24 and a 52 week high of $88.00.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The firm had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same quarter last year, the business posted $1.18 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Stericycle, Inc. will post $4.60 EPS for the current year.

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A number of research firms recently issued reports on SRCL. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a research report on Saturday, May 6th. BMO Capital Markets assumed coverage on shares of Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Barclays PLC restated an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a report on Wednesday. Finally, BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Stericycle presently has a consensus rating of “Hold” and a consensus target price of $81.15.

About Stericycle

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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