Stericycle, Inc. (NASDAQ:SRCL) is Black Creek Investment Management Inc.’s 7th Largest Position

Black Creek Investment Management Inc. trimmed its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 33.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,709,909 shares of the business services provider’s stock after selling 1,840,354 shares during the quarter. Stericycle accounts for 8.0% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Black Creek Investment Management Inc.’s holdings in Stericycle were worth $215,657,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SRCL. Pentwater Capital Management LP purchased a new position in shares of Stericycle during the second quarter valued at $83,010,000. Capital Research Global Investors boosted its position in Stericycle by 13.4% during the 4th quarter. Capital Research Global Investors now owns 5,987,937 shares of the business services provider’s stock worth $296,762,000 after acquiring an additional 705,586 shares during the period. Nuance Investments LLC purchased a new position in Stericycle during the 2nd quarter valued at about $37,263,000. American Century Companies Inc. acquired a new position in shares of Stericycle in the 2nd quarter valued at about $34,760,000. Finally, Sei Investments Co. lifted its position in shares of Stericycle by 35.5% in the fourth quarter. Sei Investments Co. now owns 1,061,369 shares of the business services provider’s stock worth $52,601,000 after purchasing an additional 277,896 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (down from $69.00) on shares of Stericycle in a research report on Tuesday, June 4th. Truist Financial boosted their price target on shares of Stericycle from $50.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, June 4th. Keefe, Bruyette & Woods increased their price objective on Stericycle from $135.00 to $142.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Finally, StockNews.com initiated coverage on Stericycle in a research note on Monday, September 9th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.00.

Stericycle Stock Up 0.0 %

SRCL stock opened at $61.71 on Monday. The firm has a market cap of $5.73 billion, a PE ratio of -280.50, a PEG ratio of 3.37 and a beta of 1.11. Stericycle, Inc. has a 1 year low of $37.78 and a 1 year high of $61.77. The company has a fifty day simple moving average of $59.00 and a 200 day simple moving average of $54.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Sell-side analysts anticipate that Stericycle, Inc. will post 2.29 EPS for the current fiscal year.

About Stericycle

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.