Stericycle (SRCL) Sets New 12-Month Low at $53.05

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Stericycle Inc (NASDAQ:SRCL) shares reached a new 52-week low on Thursday . The stock traded as low as $53.05 and last traded at $53.44, with a volume of 54104 shares traded. The stock had previously closed at $54.01.

Several research analysts have weighed in on SRCL shares. BidaskClub raised Stericycle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Friday, July 6th. BMO Capital Markets reissued a “hold” rating and issued a $71.00 price objective on shares of Stericycle in a research report on Thursday, July 12th. Jefferies Financial Group set a $75.00 target price on Stericycle and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $70.00 target price on shares of Stericycle in a research note on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.29.

The company has a market cap of $5.04 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.38 and a beta of 0.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.87.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 2nd. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The firm had revenue of $883.30 million for the quarter, compared to analyst estimates of $896.62 million. Stericycle had a return on equity of 14.04% and a net margin of 5.03%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. As a group, equities analysts forecast that Stericycle Inc will post 4.43 EPS for the current fiscal year.

In related news, CFO Daniel Ginnetti sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 10,060 shares of company stock worth $707,912. 3.50% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Stericycle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 5,375,722 shares of the business services provider’s stock valued at $350,980,000 after purchasing an additional 133,660 shares during the period. Wells Fargo & Company MN increased its stake in Stericycle by 10.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,345,764 shares of the business services provider’s stock worth $218,445,000 after acquiring an additional 329,741 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in Stericycle by 1.2% in the 2nd quarter. Clarkston Capital Partners LLC now owns 2,491,410 shares of the business services provider’s stock worth $162,664,000 after acquiring an additional 29,225 shares during the last quarter. FMR LLC increased its stake in Stericycle by 18.5% in the 2nd quarter. FMR LLC now owns 1,966,181 shares of the business services provider’s stock worth $128,372,000 after acquiring an additional 307,201 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Stericycle by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 966,240 shares of the business services provider’s stock worth $63,086,000 after acquiring an additional 13,640 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

About Stericycle (NASDAQ:SRCL)

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 collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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