Stericycle, Inc. (SRCL) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in Stericycle, Inc. (NASDAQ:SRCL) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,368 shares of the business services provider’s stock after buying an additional 3,485 shares during the quarter. Toronto Dominion Bank’s holdings in Stericycle were worth $2,318,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Stericycle by 8.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 200 shares during the period. Intact Investment Management Inc. acquired a new position in Stericycle in the second quarter valued at approximately $237,000. Douglass Winthrop Advisors LLC boosted its stake in Stericycle by 6.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 3,120 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 190 shares during the period. Finally, Heartland Advisors Inc. acquired a new position in Stericycle in the second quarter valued at approximately $240,000. 95.57% of the stock is owned by hedge funds and other institutional investors.

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In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $64.03, for a total value of $1,264,784.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

A number of brokerages have commented on SRCL. Barrington Research decreased their target price on Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. BMO Capital Markets decreased their target price on Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a research note on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (down from $95.00) on shares of Stericycle in a research note on Thursday, November 9th. Royal Bank Of Canada decreased their target price on Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th. Finally, Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $76.73.

Stericycle, Inc. (NASDAQ:SRCL) opened at $62.82 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5,357.15, a P/E ratio of 14.46, a PEG ratio of 1.53 and a beta of 0.19. Stericycle, Inc. has a 52-week low of $61.25 and a 52-week high of $88.00.

Stericycle (NASDAQ:SRCL) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The firm had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. research analysts anticipate that Stericycle, Inc. will post 4.49 EPS 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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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