Stericycle Inc (SRCL) Stake Lessened by Sheets Smith Wealth Management

Sheets Smith Wealth Management lowered its position in Stericycle Inc (NASDAQ:SRCL) by 63.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,625 shares of the business services provider’s stock after selling 32,875 shares during the period. Sheets Smith Wealth Management’s holdings in Stericycle were worth $1,266,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SRCL. First Merchants Corp acquired a new position in shares of Stericycle during the 3rd quarter valued at $1,483,000. California Public Employees Retirement System lifted its position in shares of Stericycle by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock valued at $11,243,000 after acquiring an additional 4,384 shares during the period. Stevens Capital Management LP acquired a new position in shares of Stericycle during the 2nd quarter valued at $6,240,000. BNP Paribas Arbitrage SA lifted its position in shares of Stericycle by 29.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 64,921 shares of the business services provider’s stock valued at $4,368,000 after acquiring an additional 14,677 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Stericycle by 31.4% during the 2nd quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock valued at $1,286,000 after acquiring an additional 4,021 shares during the period. Institutional investors own 94.48% of the company’s stock.

Stericycle Inc (NASDAQ SRCL) traded up $0.02 on Friday, reaching $71.60. 857,516 shares of the company’s stock traded hands, compared to its average volume of 653,111. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82. Stericycle Inc has a 1 year low of $61.25 and a 1 year high of $88.00. The firm has a market capitalization of $6,120.00, a P/E ratio of -127.86, a price-to-earnings-growth ratio of 1.73 and a beta of 0.16.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million for the quarter, compared to analyst estimates of $896.81 million. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. analysts forecast that Stericycle Inc will post 4.49 earnings per share for the current year.

In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $64.03, for a total transaction of $1,264,784.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 79,012 shares of company stock worth $5,240,668. Corporate insiders own 3.50% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price on shares of Stericycle in a research report on Thursday, December 28th. Oppenheimer reiterated a “hold” rating on shares of Stericycle in a research report on Wednesday, December 13th. Finally, Jefferies Group set a $83.00 target price on shares of Stericycle and gave the company a “buy” rating in a research report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Stericycle has a consensus rating of “Hold” and an average price target of $74.45.

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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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