DekaBank Deutsche Girozentrale lifted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 31.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,677 shares of the business services provider’s stock after buying an additional 14,963 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Stericycle worth $4,562,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of SRCL. Wellington Management Group LLP purchased a new position in shares of Stericycle during the 1st quarter worth approximately $292,000. Teachers Advisors LLC raised its stake in shares of Stericycle by 6.7% during the 1st quarter. Teachers Advisors LLC now owns 96,652 shares of the business services provider’s stock worth $8,011,000 after buying an additional 6,069 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stericycle by 55.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,242 shares of the business services provider’s stock worth $31,264,000 after buying an additional 134,803 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Stericycle by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 174,243 shares of the business services provider’s stock worth $13,298,000 after buying an additional 4,540 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Stericycle by 491.0% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 13,558 shares of the business services provider’s stock worth $1,035,000 after buying an additional 11,264 shares in the last quarter. 95.57% of the stock is owned by institutional investors and hedge funds.
SRCL has been the subject of several research analyst reports. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $76.73.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at $62.76 on Monday. The company has a market capitalization of $5,358.00, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.53 and a beta of 0.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle, Inc. has a fifty-two week low of $61.62 and a fifty-two week high of $88.00.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $896.81 million. Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. Stericycle’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. equities research analysts forecast that Stericycle, Inc. will post 4.49 earnings per share for the current year.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the sale, the director now owns 205,576 shares in the company, valued at approximately $14,497,219.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.
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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.
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