QUANTRES ASSET MANAGEMENT Ltd boosted its holdings in shares of Stericycle Inc (NASDAQ:SRCL) by 65.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,300 shares of the business services provider’s stock after purchasing an additional 2,900 shares during the period. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Stericycle were worth $496,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SRCL. Schroder Investment Management Group acquired a new stake in shares of Stericycle during the second quarter worth approximately $80,497,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Stericycle by 91.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 844,778 shares of the business services provider’s stock worth $60,503,000 after buying an additional 403,080 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Stericycle by 6.4% during the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock worth $413,139,000 after buying an additional 323,664 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of Stericycle by 43.1% during the third quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock worth $72,614,000 after buying an additional 305,441 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Stericycle by 205.0% during the third quarter. Teacher Retirement System of Texas now owns 453,563 shares of the business services provider’s stock worth $32,484,000 after buying an additional 304,864 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $64.03, for a total value of $1,264,784.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 79,012 shares of company stock worth $5,240,668. Insiders own 3.50% of the company’s stock.
A number of analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target (down previously from $95.00) on shares of Stericycle in a report on Thursday, November 9th. Jefferies Group set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Oppenheimer reissued a “hold” rating on shares of Stericycle in a report on Wednesday, December 13th. Finally, Zacks Investment Research raised shares of Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.45.
Stericycle Inc (NASDAQ:SRCL) opened at $71.60 on Friday. Stericycle Inc has a 52 week low of $61.25 and a 52 week high of $88.00. The stock has a market cap of $6,110.99, a P/E ratio of -125.61, a price-to-earnings-growth ratio of 1.74 and a beta of 0.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The business had revenue of $883.00 million during the quarter, compared to the consensus estimate of $896.81 million. During the same period in the previous year, the business posted $1.24 earnings per share. Stericycle’s revenue was down .8% compared to the same quarter last year. equities research analysts predict that Stericycle Inc will post 4.49 EPS for the current year.
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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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