Rice Hall James & Associates LLC lifted its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 54.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,898 shares of the business services provider’s stock after purchasing an additional 15,559 shares during the quarter. Rice Hall James & Associates LLC owned about 0.05% of Stericycle worth $3,144,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SRCL. JPMorgan Chase & Co. boosted its position in shares of Stericycle by 34.6% in the 1st quarter. JPMorgan Chase & Co. now owns 16,839 shares of the business services provider’s stock worth $1,396,000 after purchasing an additional 4,331 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Stericycle by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock worth $436,000 after purchasing an additional 60 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Stericycle in the 1st quarter worth $292,000. Teachers Advisors LLC boosted its position in shares of Stericycle by 6.7% in the 1st quarter. Teachers Advisors LLC now owns 96,652 shares of the business services provider’s stock worth $8,011,000 after purchasing an additional 6,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stericycle by 55.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,242 shares of the business services provider’s stock worth $31,264,000 after purchasing an additional 134,803 shares in the last quarter. 93.92% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the completion of the sale, the director now owns 205,576 shares in the company, valued at $14,497,219.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.
SRCL has been the subject of a number of recent analyst reports. BidaskClub cut Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price objective on shares of Stericycle in a research report on Thursday, July 13th. William Blair reissued an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Finally, Barclays PLC reissued an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Stericycle has an average rating of “Hold” and an average price target of $81.25.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.
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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