Wedge Capital Management L L P NC increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,881 shares of the business services provider’s stock after purchasing an additional 77,347 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.65% of Stericycle worth $39,741,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new stake in shares of Stericycle in the 2nd quarter valued at $80,497,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Stericycle in the 2nd quarter valued at $33,710,000. Strs Ohio boosted its stake in shares of Stericycle by 26,943.3% in the 2nd quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock valued at $25,056,000 after purchasing an additional 327,092 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Stericycle by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock valued at $413,139,000 after purchasing an additional 323,664 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in shares of Stericycle by 43.1% in the 3rd quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock valued at $72,614,000 after purchasing an additional 305,441 shares during the last quarter. Institutional investors and hedge funds own 93.92% of the company’s stock.
In related news, Director Mark C. Miller sold 19,753 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company’s stock.
A number of equities research analysts have recently commented on SRCL shares. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Stericycle in a research note on Thursday, July 13th. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.25.
Shares of Stericycle, Inc. (SRCL) traded down $1.39 during mid-day trading on Friday, hitting $67.32. 777,425 shares of the stock traded hands, compared to its average volume of 608,003. The stock has a market capitalization of $5.74 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.82 and a beta of 0.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. Stericycle, Inc. has a 52 week low of $66.68 and a 52 week high of $88.00.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts predict that Stericycle, Inc. will post 4.6 earnings per share for the current year.
Stericycle Company Profile
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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