Gofen & Glossberg LLC IL Reduces Holdings in Stericycle Inc (NASDAQ:SRCL)

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Gofen & Glossberg LLC IL decreased its holdings in Stericycle Inc (NASDAQ:SRCL) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,850 shares of the business services provider’s stock after selling 300 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Stericycle were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SRCL. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Stericycle in the first quarter worth approximately $593,000. First Trust Advisors LP lifted its holdings in Stericycle by 55.3% during the first quarter. First Trust Advisors LP now owns 163,174 shares of the business services provider’s stock valued at $8,880,000 after purchasing an additional 58,119 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Stericycle by 2,519.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 5,239 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 5,039 shares in the last quarter. Swiss National Bank lifted its holdings in Stericycle by 8.7% during the first quarter. Swiss National Bank now owns 165,100 shares of the business services provider’s stock valued at $8,985,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Formula Growth Ltd. purchased a new position in Stericycle during the first quarter valued at approximately $4,082,000.

Shares of NASDAQ:SRCL opened at $50.99 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.04 and a quick ratio of 1.04. Stericycle Inc has a 1-year low of $34.36 and a 1-year high of $58.73. The company has a market capitalization of $4.65 billion, a P/E ratio of 11.46, a P/E/G ratio of 2.34 and a beta of 1.24. The firm’s 50 day simple moving average is $47.95 and its two-hundred day simple moving average is $48.85.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.27). Stericycle had a negative net margin of 10.73% and a positive return on equity of 10.90%. The firm had revenue of $845.80 million for the quarter, compared to analysts’ expectations of $843.95 million. During the same period in the prior year, the firm earned $1.17 EPS. Stericycle’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Stericycle Inc will post 2.59 earnings per share for the current fiscal year.

Several equities analysts have weighed in on SRCL shares. BidaskClub downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Robert W. Baird raised shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 price target on the stock in a report on Friday, August 2nd. ValuEngine raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, Bank of America reaffirmed an “underperform” rating and set a $44.00 price target (down previously from $46.00) on shares of Stericycle in a report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.80.

About Stericycle

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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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