Stericycle, Inc. (SRCL) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC grew its stake in Stericycle, Inc. (NASDAQ:SRCL) by 60.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,718 shares of the business services provider’s stock after buying an additional 5,900 shares during the quarter. Verition Fund Management LLC’s holdings in Stericycle were worth $1,200,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cipher Capital LP acquired a new position in shares of Stericycle in the second quarter valued at approximately $2,600,000. Stevens Capital Management LP acquired a new position in shares of Stericycle in the second quarter valued at approximately $6,240,000. FNY Managed Accounts LLC acquired a new position in shares of Stericycle in the second quarter valued at approximately $507,000. Capital Investment Services of America Inc. boosted its holdings in shares of 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 valued at $8,593,000 after buying an additional 3,825 shares during the period. Finally, Tobam boosted its holdings in shares of Stericycle by 1.7% in the second quarter. Tobam now owns 652,865 shares of the business services provider’s stock valued at $49,827,000 after buying an additional 10,642 shares during the period. Institutional investors own 93.57% of the company’s stock.

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Shares of Stericycle, Inc. (SRCL) traded down 0.94% during mid-day trading on Friday, hitting $70.60. 454,093 shares of the stock were exchanged. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The stock’s 50 day moving average price is $71.21 and its 200-day moving average price is $77.50. The stock’s market capitalization is $6.02 billion.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same quarter last year, the firm posted $1.18 EPS. Stericycle’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.

Several research analysts have recently weighed in on SRCL shares. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, July 5th. BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target for the company. William Blair reiterated an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, four have a

Other institutional investors also recently added to or reduced their stakes in the company. Cipher Capital LP acquired a new position in shares of Stericycle in the second quarter valued at approximately $2,600,000. Stevens Capital Management LP acquired a new position in shares of Stericycle in the second quarter valued at approximately $6,240,000. FNY Managed Accounts LLC acquired a new position in shares of Stericycle in the second quarter valued at approximately $507,000. Capital Investment Services of America Inc. boosted its holdings in shares of 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 valued at $8,593,000 after buying an additional 3,825 shares during the period. Finally, Tobam boosted its holdings in shares of Stericycle by 1.7% in the second quarter. Tobam now owns 652,865 shares of the business services provider’s stock valued at $49,827,000 after buying an additional 10,642 shares during the period. Institutional investors own 93.57% of the company’s stock.

WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/14/stericycle-inc-srcl-shares-bought-by-verition-fund-management-llc.html.

Shares of Stericycle, Inc. (SRCL) traded down 0.94% during mid-day trading on Friday, hitting $70.60. 454,093 shares of the stock were exchanged. Stericycle, Inc. has a 12-month low of $68.62 and a 12-month high of $88.00. The stock’s 50 day moving average price is $71.21 and its 200-day moving average price is $77.50. The stock’s market capitalization is $6.02 billion.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same quarter last year, the firm posted $1.18 EPS. Stericycle’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.

Several research analysts have recently weighed in on SRCL shares. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, July 5th. BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target for the company. William Blair reiterated an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $100.00 price target on shares of Stericycle in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Stericycle currently has a consensus rating of “Hold” and a consensus price target of $81.25.

Stericycle Company Profile

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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