Cannell Peter B & Co. Inc. cut its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,732 shares of the business services provider’s stock after selling 29,800 shares during the period. Cannell Peter B & Co. Inc. owned about 0.08% of Stericycle worth $4,636,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Stericycle by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock valued at $483,000 after buying an additional 24 shares in the last quarter. RiverPoint Capital Management LLC raised its stake in Stericycle by 0.6% in the second quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock valued at $393,000 after buying an additional 29 shares in the last quarter. Sentry Investment Management LLC raised its stake in Stericycle by 1.1% in the second quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock valued at $490,000 after buying an additional 70 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Stericycle by 0.6% in the second quarter. Great Lakes Advisors LLC now owns 14,141 shares of the business services provider’s stock valued at $1,079,000 after buying an additional 84 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Stericycle by 0.4% in the second quarter. State of Tennessee Treasury Department now owns 23,321 shares of the business services provider’s stock valued at $1,780,000 after buying an additional 87 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
Stericycle, Inc. (NASDAQ:SRCL) traded up $1.17 on Thursday, hitting $66.95. The stock had a trading volume of 1,312,100 shares, compared to its average volume of 827,000. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82. Stericycle, Inc. has a twelve month low of $61.25 and a twelve month high of $88.00. The firm has a market capitalization of $5,677.30, a PE ratio of 15.32, a P/E/G ratio of 1.62 and a beta of 0.16.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The company had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $896.81 million. During the same period in the prior year, the business earned $1.24 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts forecast that Stericycle, Inc. will post 4.49 earnings per share for the current fiscal year.
In related news, Director Mark C. Miller sold 19,753 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $67.43, for a total transaction of $1,331,944.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 79,012 shares of company stock worth $5,240,668. Corporate insiders own 3.50% of the company’s stock.
SRCL has been the topic of a number of analyst reports. Zacks Investment Research cut Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Barrington Research cut their target price on Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price (down previously from $95.00) on shares of Stericycle in a research report on Thursday, November 9th. BidaskClub upgraded Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Finally, Jefferies Group set a $108.00 target price on Stericycle and gave the stock a “buy” rating in a research report on Tuesday, October 17th. 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. Stericycle has a consensus rating of “Hold” and a consensus price target of $76.73.
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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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