Stericycle Inc (NASDAQ:SRCL) Stake Boosted by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 142,277 shares of the business services provider’s stock after buying an additional 385 shares during the period. California State Teachers Retirement System’s holdings in Stericycle were worth $7,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in SRCL. LS Investment Advisors LLC boosted its holdings in shares of Stericycle by 4.6% during the third quarter. LS Investment Advisors LLC now owns 4,433 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 193 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Stericycle by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,760 shares of the business services provider’s stock worth $753,000 after purchasing an additional 240 shares during the last quarter. Advisory Services Network LLC grew its position in Stericycle by 6.1% in the 2nd quarter. Advisory Services Network LLC now owns 5,040 shares of the business services provider’s stock worth $241,000 after purchasing an additional 290 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Stericycle by 0.3% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 109,980 shares of the business services provider’s stock valued at $5,601,000 after purchasing an additional 330 shares during the period. Finally, Cascade Investment Advisors Inc. increased its stake in shares of Stericycle by 1.8% in the third quarter. Cascade Investment Advisors Inc. now owns 19,410 shares of the business services provider’s stock valued at $989,000 after purchasing an additional 350 shares during the period.

Stericycle stock opened at $65.71 on Friday. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.99 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $59.84 and its two-hundred day moving average price is $50.09. Stericycle Inc has a 52 week low of $34.36 and a 52 week high of $66.28.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The company had revenue of $833.10 million during the quarter, compared to analyst estimates of $842.21 million. Stericycle had a negative net margin of 13.26% and a positive return on equity of 10.52%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. Research analysts expect that Stericycle Inc will post 2.63 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group initiated coverage on Stericycle in a research report on Wednesday, November 27th. They set a “hold” rating and a $68.00 price objective for the company. Royal Bank of Canada assumed coverage on Stericycle in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $75.00 target price on the stock. TheStreet raised Stericycle from a “d+” rating to a “c-” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised Stericycle from a “hold” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.43.

In related news, EVP Daniel Ginnetti sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $55.47, for a total transaction of $332,820.00. Following the sale, the executive vice president now owns 15,943 shares of the company’s stock, valued at $884,358.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

Read More: What is the Shanghai Stock Exchange Composite Index?

Want to see what other hedge funds are holding SRCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stericycle Inc (NASDAQ:SRCL).

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit