Dimensional Fund Advisors LP increased its position in Stericycle Inc (NASDAQ:SRCL) by 31.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 709,332 shares of the business services provider’s stock after buying an additional 168,023 shares during the quarter. Dimensional Fund Advisors LP owned 0.83% of Stericycle worth $50,803,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after buying an additional 145 shares during the period. NEXT Financial Group Inc increased its position in Stericycle by 77.9% during the 3rd quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 1,017 shares during the period. Cadence Capital Management LLC purchased a new position in Stericycle during the 3rd quarter valued at $234,000. Zeke Capital Advisors LLC purchased a new position in Stericycle during the 3rd quarter valued at $250,000. Finally, WINTON GROUP Ltd purchased a new position in Stericycle during the 3rd quarter valued at $254,000. 94.48% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Oppenheimer reissued a “hold” rating on shares of Stericycle in a research report on Wednesday, December 13th. Royal Bank of Canada reduced their price objective on shares of Stericycle from $74.00 to $67.00 and set an “underperform” rating on the stock in a research report on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective on shares of Stericycle in a research report on Thursday, December 28th. Jefferies Group set a $108.00 price objective on shares of Stericycle and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, Barrington Research reduced their price objective on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $74.45.
Stericycle (NASDAQ:SRCL) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). The business had revenue of $883.00 million during the quarter, compared to analysts’ expectations of $896.81 million. Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. research analysts anticipate that Stericycle Inc will post 4.49 earnings per share for the current fiscal year.
In other news, Director Mark C. Miller sold 19,753 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 79,012 shares of company stock worth $5,240,668 over the last ninety days. Insiders own 3.50% of the company’s stock.
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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