Wendell David Associates Inc. cut its stake in Stericycle Inc (NASDAQ:SRCL) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,632 shares of the business services provider’s stock after selling 6,575 shares during the period. Wendell David Associates Inc.’s holdings in Stericycle were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Trinity Street Asset Management LLP raised its stake in shares of Stericycle by 15.7% in the fourth quarter. Trinity Street Asset Management LLP now owns 516,966 shares of the business services provider’s stock worth $35,148,000 after acquiring an additional 70,044 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Stericycle by 5.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,248 shares of the business services provider’s stock worth $1,513,000 after acquiring an additional 1,100 shares during the last quarter. Addenda Capital Inc. raised its stake in shares of Stericycle by 3.5% in the fourth quarter. Addenda Capital Inc. now owns 32,086 shares of the business services provider’s stock worth $2,182,000 after acquiring an additional 1,084 shares during the last quarter. Hikari Power Ltd raised its stake in shares of Stericycle by 18.7% in the fourth quarter. Hikari Power Ltd now owns 42,500 shares of the business services provider’s stock worth $2,890,000 after acquiring an additional 6,700 shares during the last quarter. Finally, DnB Asset Management AS bought a new position in shares of Stericycle in the fourth quarter worth about $1,591,000. 94.49% of the stock is owned by institutional investors.
SRCL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Barrington Research dropped their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price on shares of Stericycle in a research note on Thursday, December 28th. Jefferies Group set a $83.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Stericycle presently has an average rating of “Hold” and an average price target of $74.45.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the 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 prior year, the firm earned $1.24 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts anticipate that Stericycle Inc will post 4.49 EPS for the current year.
In other news, Director Mark C. Miller sold 19,753 shares of Stericycle stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 79,012 shares of company stock valued at $5,240,668. 3.50% of the stock is owned by corporate insiders.
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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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