Stericycle (SRCL) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in Stericycle (NASDAQ:SRCL) by 6.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,016,023 shares of the business services provider’s stock after acquiring an additional 194,423 shares during the quarter. Wells Fargo & Company MN owned 3.52% of Stericycle worth $176,528,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Stericycle by 0.6% during the 4th quarter. California State Teachers Retirement System now owns 138,949 shares of the business services provider’s stock worth $9,447,000 after purchasing an additional 815 shares during the last quarter. Armstrong Henry H Associates Inc. boosted its stake in Stericycle by 6.9% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 12,830 shares of the business services provider’s stock worth $872,000 after purchasing an additional 830 shares during the last quarter. Amalgamated Bank boosted its stake in Stericycle by 9.6% during the 4th quarter. Amalgamated Bank now owns 10,442 shares of the business services provider’s stock worth $710,000 after purchasing an additional 918 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Stericycle by 5.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,248 shares of the business services provider’s stock worth $1,513,000 after purchasing an additional 1,100 shares during the last quarter. Finally, RiverPoint Capital Management LLC boosted its stake in Stericycle by 23.7% during the 4th quarter. RiverPoint Capital Management LLC now owns 6,517 shares of the business services provider’s stock worth $443,000 after purchasing an additional 1,250 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

SRCL has been the topic of several recent research reports. BidaskClub raised shares of Stericycle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. BMO Capital Markets lifted their target price on shares of Stericycle from $64.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, May 4th. Royal Bank of Canada lowered their target price on shares of Stericycle from $75.00 to $61.00 and set an “underperform” rating on the stock in a research note on Thursday, February 22nd. ValuEngine cut shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Robert W. Baird raised shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 target price on the stock in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $78.63.

In other news, Director Thomas D. Brown sold 13,210 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $63.37, for a total transaction of $837,117.70. Following the transaction, the director now owns 14,705 shares of the company’s stock, valued at approximately $931,855.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack W. Schuler acquired 10,000 shares of Stericycle stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average price of $62.59 per share, for a total transaction of $625,900.00. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Shares of Stericycle opened at $63.77 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $5.46 billion, a PE ratio of 14.69, a PEG ratio of 1.43 and a beta of 0.39. Stericycle has a twelve month low of $56.64 and a twelve month high of $84.74.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, May 3rd. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.16. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $880.48 million. Stericycle had a net margin of 0.19% and a return on equity of 14.14%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. analysts forecast that Stericycle will post 4.63 earnings per share for the current year.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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