Roberts Glore & Co. Inc. IL Acquires New Stake in Stericycle Inc (SRCL)

Roberts Glore & Co. Inc. IL acquired a new position in shares of Stericycle Inc (NASDAQ:SRCL) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,090 shares of the business services provider’s stock, valued at approximately $210,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Stericycle by 1.6% during the fourth quarter. BlackRock Inc. now owns 5,440,000 shares of the business services provider’s stock worth $369,863,000 after acquiring an additional 84,740 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Stericycle by 48.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,821,600 shares of the business services provider’s stock worth $191,840,000 after acquiring an additional 922,641 shares in the last quarter. Clarkston Capital Partners LLC increased its position in shares of Stericycle by 97.5% during the fourth quarter. Clarkston Capital Partners LLC now owns 2,002,235 shares of the business services provider’s stock worth $136,132,000 after acquiring an additional 988,350 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Stericycle by 89.3% during the third quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock worth $141,556,000 after acquiring an additional 931,300 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Stericycle by 0.4% during the third quarter. Jennison Associates LLC now owns 1,494,643 shares of the business services provider’s stock worth $107,046,000 after acquiring an additional 5,522 shares in the last quarter. 92.57% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Robert W. Baird upgraded shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 target price for the company in a report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Barrington Research reduced their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, Royal Bank of Canada increased their target price on shares of Stericycle to $75.00 and gave the stock an “underperform” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.70.

Shares of Stericycle Inc (NASDAQ:SRCL) opened at $76.02 on Tuesday. The company has a market cap of $6,490.05, a price-to-earnings ratio of -133.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82. Stericycle Inc has a 12 month low of $61.25 and a 12 month high of $88.00.

In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $67.43, for a total value of $1,331,944.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.

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About Stericycle

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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