Blue Sky Asset Management LLC purchased a new position in Stericycle Inc (NASDAQ:SRCL) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,110 shares of the business services provider’s stock, valued at approximately $60,000.
Other institutional investors also recently made changes to their positions in the company. Iridian Asset Management LLC CT bought a new stake in shares of Stericycle in the first quarter worth about $168,624,000. BlackRock Inc. raised its stake in shares of Stericycle by 40.9% during the fourth quarter. BlackRock Inc. now owns 7,616,828 shares of the business services provider’s stock valued at $279,461,000 after acquiring an additional 2,210,880 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Stericycle by 6,998.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,638,209 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,615,132 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Stericycle by 58.2% during the fourth quarter. Clarkston Capital Partners LLC now owns 3,998,885 shares of the business services provider’s stock valued at $146,719,000 after acquiring an additional 1,470,840 shares in the last quarter. Finally, Norges Bank bought a new position in Stericycle in the fourth quarter worth approximately $41,704,000. 96.52% of the stock is currently owned by institutional investors.
Shares of SRCL stock opened at $49.37 on Wednesday. The firm has a market capitalization of $4.45 billion, a PE ratio of 11.09, a PEG ratio of 1.90 and a beta of 1.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.17. Stericycle Inc has a twelve month low of $34.36 and a twelve month high of $71.43.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, February 28th. The business services provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $852.70 million for the quarter, compared to analysts’ expectations of $848.75 million. Stericycle had a negative net margin of 8.92% and a positive return on equity of 12.56%. On average, research analysts predict that Stericycle Inc will post 3.35 EPS for the current year.
In other news, Director Mark C. Miller sold 260,314 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $57.18, for a total value of $14,884,754.52. Following the completion of the sale, the director now directly owns 325,848 shares of the company’s stock, valued at $18,631,988.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on SRCL shares. Goldman Sachs Group raised Stericycle from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Friday, March 1st. BidaskClub raised shares of Stericycle from a “hold” rating to a “buy” rating in a report on Friday, April 5th. TheStreet lowered shares of Stericycle from a “c-” rating to a “d” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets increased their price objective on shares of Stericycle from $41.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Stericycle has a consensus rating of “Hold” and a consensus price target of $59.00.
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Stericycle Company Profile
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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.
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