HPM Partners LLC lessened its stake in Stericycle Inc (NASDAQ:SRCL) by 20.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,263 shares of the business services provider’s stock after selling 3,221 shares during the period. HPM Partners LLC’s holdings in Stericycle were worth $834,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc grew its position in Stericycle by 77.9% in the 3rd quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock valued at $164,000 after buying an additional 1,017 shares in the last quarter. ARGI Investment Services LLC bought a new position in Stericycle in the 3rd quarter valued at about $215,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Stericycle by 500.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,000 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 2,500 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Stericycle during the 4th quarter valued at about $206,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in shares of Stericycle during the 4th quarter valued at about $210,000. Hedge funds and other institutional investors own 94.24% of the company’s stock.
Stericycle Inc (SRCL) opened at $64.62 on Wednesday. Stericycle Inc has a 12-month low of $58.53 and a 12-month high of $88.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $5,549.26, a PE ratio of 248.55, a PEG ratio of 1.47 and a beta of 0.42.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.14). Stericycle had a net margin of 1.18% and a return on equity of 13.83%. The firm had revenue of $887.80 million for the quarter, compared to analysts’ expectations of $882.62 million. During the same period in the prior year, the company posted $1.00 earnings per share. Stericycle’s quarterly revenue was down 2.1% compared to the same quarter last year. sell-side analysts expect that Stericycle Inc will post 4.58 earnings per share for the current year.
In other news, Director Jack W. Schuler acquired 10,000 shares of Stericycle stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of $62.59 per share, with a total value of $625,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on SRCL shares. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of Stericycle in a research report on Thursday, December 28th. Jefferies Group set a $83.00 price objective on shares of Stericycle and gave the company a “buy” rating in a research report on Wednesday, December 13th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Royal Bank of Canada reduced their price objective on shares of Stericycle from $75.00 to $61.00 and set an “underperform” rating for the company in a research report on Thursday, February 22nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $64.00 price objective (down previously from $72.00) on shares of Stericycle in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Stericycle has an average rating of “Hold” and an average target price of $70.67.
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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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