Pacer Advisors Inc. increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 1,735 shares of the business services provider’s stock after buying an additional 55 shares during the period. Pacer Advisors Inc.’s holdings in Stericycle were worth $144,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new position in shares of Stericycle during the fourth quarter valued at approximately $100,000. Heritage Trust Co acquired a new position in Stericycle during the first quarter worth about $124,000. Parallel Advisors LLC acquired a new position in Stericycle during the fourth quarter worth about $140,000. Morgan Dempsey Capital Management LLC raised its position in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in Stericycle during the first quarter worth about $169,000. 96.61% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Shares of Stericycle, Inc. (NASDAQ SRCL) opened at 78.43 on Friday. The stock’s 50 day moving average is $82.83 and its 200-day moving average is $80.54. Stericycle, Inc. has a 52 week low of $71.52 and a 52 week high of $107.74. The firm has a market cap of $6.69 billion, a PE ratio of 40.87 and a beta of 0.15.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, May 4th. The business services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The business had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $874.34 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Stericycle, Inc. will post $4.63 EPS for the current fiscal year.

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A number of equities analysts have issued reports on SRCL shares. Barrington Research raised their price target on shares of Stericycle from $84.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Deutsche Bank AG reduced their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the stock a “buy” rating in a research report on Thursday, March 16th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Stericycle in a research report on Monday, February 20th. Finally, Robert W. Baird lowered shares of Stericycle from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $74.00 to $73.00 in a research report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $82.17.

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.

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