Selway Asset Management Takes Position in Stericycle Inc (SRCL)

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Selway Asset Management purchased a new position in shares of Stericycle Inc (NASDAQ:SRCL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,413 shares of the business services provider’s stock, valued at approximately $318,000.

A number of other large investors also recently bought and sold shares of the business. Whittier Trust Co. raised its stake in Stericycle by 362.6% during the second quarter. Whittier Trust Co. now owns 1,087 shares of the business services provider’s stock worth $129,000 after purchasing an additional 852 shares during the period. Advisory Services Network LLC raised its stake in shares of Stericycle by 13.1% in the 2nd quarter. Advisory Services Network LLC now owns 8,581 shares of the business services provider’s stock valued at $604,000 after acquiring an additional 994 shares during the period. Dupont Capital Management Corp raised its stake in shares of Stericycle by 102.2% in the 2nd quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 1,056 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Stericycle by 0.8% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 134,396 shares of the business services provider’s stock valued at $7,886,000 after acquiring an additional 1,065 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of Stericycle by 32.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 5,056 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 1,243 shares during the period. 94.57% of the stock is currently owned by institutional investors.

SRCL has been the topic of a number of research reports. BidaskClub downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. BMO Capital Markets cut their target price on shares of Stericycle from $71.00 to $63.00 and set a “market perform” rating on the stock in a research note on Monday, August 6th. Zacks Investment Research raised shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Northcoast Research reissued a “neutral” rating on shares of Stericycle in a research note on Friday, October 12th. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 target price on shares of Stericycle in a research note on Friday, August 3rd. Five research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Stericycle presently has a consensus rating of “Hold” and a consensus price target of $69.00.

SRCL opened at $49.09 on Wednesday. The firm has a market cap of $4.19 billion, a P/E ratio of 11.31, a PEG ratio of 1.27 and a beta of 0.35. Stericycle Inc has a twelve month low of $47.77 and a twelve month high of $76.73. 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 released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. The business had revenue of $883.30 million during the quarter, compared to analyst estimates of $896.62 million. Stericycle had a net margin of 5.03% and a return on equity of 14.04%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. Equities analysts forecast that Stericycle Inc will post 4.43 earnings per share for the current year.

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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