Sawtooth Solutions LLC Takes $402,000 Position in Stericycle Inc (SRCL)

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Sawtooth Solutions LLC bought a new stake in Stericycle Inc (NASDAQ:SRCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,858 shares of the business services provider’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SRCL. Standard Life Aberdeen plc lifted its position in shares of Stericycle by 34.1% during the 2nd quarter. Standard Life Aberdeen plc now owns 20,151 shares of the business services provider’s stock worth $1,316,000 after purchasing an additional 5,119 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Stericycle during the 2nd quarter worth about $222,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Stericycle by 8.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 45,631 shares of the business services provider’s stock worth $2,979,000 after purchasing an additional 3,500 shares during the last quarter. Patton Albertson Miller Group LLC lifted its position in shares of Stericycle by 26.5% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 9,211 shares of the business services provider’s stock worth $601,000 after purchasing an additional 1,930 shares during the last quarter. Finally, MAI Capital Management acquired a new position in shares of Stericycle during the 2nd quarter worth about $245,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.

Stericycle stock opened at $49.09 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.27 and a beta of 0.35. Stericycle Inc has a 12 month low of $47.77 and a 12 month high of $76.73.

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

SRCL has been the subject of several research analyst reports. BidaskClub cut Stericycle from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Friday, July 6th. Jefferies Financial Group set a $75.00 price objective on Stericycle and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Barrington Research set a $72.00 price objective on Stericycle and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $70.00 price objective on shares of Stericycle in a research report on Friday, August 3rd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and an average price target of $69.00.

Stericycle Company Profile

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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