Guggenheim Capital LLC boosted its position in Stericycle Inc (NASDAQ:SRCL) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 525,480 shares of the business services provider’s stock after buying an additional 79,734 shares during the quarter. Guggenheim Capital LLC owned approximately 0.62% of Stericycle worth $35,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in Stericycle by 2.9% in the third quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock worth $11,243,000 after buying an additional 4,384 shares during the last quarter. Stifel Financial Corp increased its position in Stericycle by 15.1% in the third quarter. Stifel Financial Corp now owns 99,039 shares of the business services provider’s stock worth $7,128,000 after buying an additional 12,997 shares during the last quarter. Investor AB purchased a new stake in Stericycle in the third quarter worth $716,000. Ladenburg Thalmann Financial Services Inc. increased its position in Stericycle by 26.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,543 shares of the business services provider’s stock worth $540,000 after buying an additional 1,597 shares during the last quarter. Finally, Hikari Power Ltd increased its position in Stericycle by 18.7% in the fourth quarter. Hikari Power Ltd now owns 42,500 shares of the business services provider’s stock worth $2,890,000 after buying an additional 6,700 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. BidaskClub downgraded Stericycle from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Barrington Research reissued a “buy” rating on shares of Stericycle in a research report on Monday, February 26th. BMO Capital Markets reaffirmed a “hold” rating and issued a $72.00 price target on shares of Stericycle in a report on Wednesday, January 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Stericycle in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Stericycle has a consensus rating of “Hold” and an average price target of $70.67.
In related news, Director Jack W. Schuler purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $62.59 per share, with a total value of $625,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by company insiders.
Stericycle Inc (NASDAQ SRCL) opened at $62.97 on Tuesday. Stericycle Inc has a twelve month low of $58.53 and a twelve month high of $88.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $5,439.77, a price-to-earnings ratio of 242.20, a PEG ratio of 1.44 and a beta of 0.42.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.14). Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The company had revenue of $887.80 million during the quarter, compared to the consensus estimate of $882.62 million. During the same period in the previous year, the business earned $1.00 earnings per share. Stericycle’s revenue was down 2.1% on a year-over-year basis. research analysts anticipate that Stericycle Inc will post 4.58 EPS for the current fiscal 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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